Barclays PLC Sells 35,411 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Barclays PLC decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,913 shares of the construction company's stock after selling 35,411 shares during the quarter. Barclays PLC owned about 0.22% of Gibraltar Industries worth $4,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position in shares of Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after acquiring an additional 458 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after purchasing an additional 530 shares during the period. Atticus Wealth Management LLC acquired a new stake in Gibraltar Industries in the 4th quarter worth $53,000. KBC Group NV increased its holdings in shares of Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock worth $85,000 after purchasing an additional 480 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries during the fourth quarter valued at about $117,000. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK traded up $1.68 during trading hours on Friday, reaching $57.21. The stock had a trading volume of 83,532 shares, compared to its average volume of 215,267. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The business's fifty day moving average is $58.80 and its two-hundred day moving average is $62.74. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 12.81 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 20th.

Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.