Hsbc Holdings PLC Sells 8,401 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Hsbc Holdings PLC cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 48.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,885 shares of the construction company's stock after selling 8,401 shares during the quarter. Hsbc Holdings PLC's holdings in Gibraltar Industries were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Gibraltar Industries by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock worth $176,122,000 after buying an additional 15,201 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Gibraltar Industries by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after purchasing an additional 23,358 shares in the last quarter. Wellington Management Group LLP raised its position in Gibraltar Industries by 34.7% in the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock valued at $90,769,000 after purchasing an additional 397,313 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock valued at $50,359,000 after purchasing an additional 15,889 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 worth $25,410,000 after purchasing an additional 20,634 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Price Performance

NASDAQ ROCK traded down $0.13 on Friday, reaching $58.55. The company had a trading volume of 228,154 shares, compared to its average volume of 218,737. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 13.10 and a beta of 1.30. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The business has a 50 day moving average of $57.82 and a two-hundred day moving average of $62.35.

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

Insider Transactions at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $58.21, for a total value of $68,222.12. Following the transaction, the director now directly owns 11,976 shares of the company's stock, valued at approximately $697,122.96. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

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

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.