Hsbc Holdings PLC Decreases Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Hsbc Holdings PLC lowered its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,885 shares of the construction company's stock after selling 8,401 shares during the period. Hsbc Holdings PLC's holdings in Gibraltar Industries were worth $524,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after buying an additional 228 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in Gibraltar Industries by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock valued at $994,000 after acquiring an additional 237 shares during the period. Keybank National Association OH raised its stake in Gibraltar Industries by 5.0% in the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock valued at $421,000 after acquiring an additional 343 shares during the period. Swiss National Bank boosted its position in Gibraltar Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock worth $3,528,000 after purchasing an additional 400 shares during the period. Finally, Park Avenue Securities LLC boosted its position in Gibraltar Industries by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock worth $212,000 after purchasing an additional 410 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Stock Up 4.9%

NASDAQ:ROCK traded up $2.87 during mid-day trading on Monday, hitting $61.47. 28,177 shares of the stock traded hands, compared to its average volume of 218,561. The business's 50-day moving average price is $57.82 and its 200 day moving average price is $62.31. The company has a market cap of $1.81 billion, a PE ratio of 13.71 and a beta of 1.30. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90.

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

Insider Buying and Selling at Gibraltar Industries

In related news, Director James B. Nish sold 1,172 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the transaction, the director now owns 11,976 shares of the company's stock, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.

Gibraltar Industries Company 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.