Orion Portfolio Solutions LLC Reduces Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Orion Portfolio Solutions LLC reduced its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 50.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,739 shares of the construction company's stock after selling 7,935 shares during the period. Orion Portfolio Solutions LLC's holdings in Gibraltar Industries were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Gibraltar Industries by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock worth $176,122,000 after acquiring an additional 15,201 shares during the last quarter. State Street Corp lifted its stake in Gibraltar Industries by 4.6% in the third quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock worth $89,390,000 after purchasing an additional 56,008 shares during the last quarter. Geode Capital Management LLC boosted its position in Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after buying an additional 32,950 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Gibraltar Industries by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,415 shares of the construction company's stock valued at $25,410,000 after buying an additional 20,634 shares during the last quarter. Finally, Swedbank AB increased its stake in Gibraltar Industries by 3.4% in the 4th quarter. Swedbank AB now owns 276,227 shares of the construction company's stock worth $16,270,000 after purchasing an additional 9,151 shares during the period. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Price Performance

ROCK traded up $0.74 during midday trading on Friday, reaching $54.23. 240,760 shares of the company's stock traded hands, compared to its average volume of 209,751. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90. The firm has a fifty day moving average of $61.18 and a two-hundred day moving average of $64.40. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.13 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $302.06 million for the quarter, compared to analysts' expectations of $307.93 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. Gibraltar Industries's quarterly revenue was down 8.1% on a year-over-year basis. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

About Gibraltar Industries

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.