Martingale Asset Management L P Reduces Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Martingale Asset Management L P trimmed its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,512 shares of the construction company's stock after selling 10,738 shares during the period. Martingale Asset Management L P owned 0.11% of Gibraltar Industries worth $2,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after acquiring an additional 530 shares during the period. Atticus Wealth Management LLC bought a new position in Gibraltar Industries in the 4th quarter worth $53,000. KBC Group NV boosted its stake in Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the period. SG Americas Securities LLC bought a new position in Gibraltar Industries during the fourth quarter worth $117,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Gibraltar Industries by 7.2% in the fourth 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 period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Price Performance

ROCK stock traded down $1.60 during trading hours on Wednesday, reaching $51.71. 53,044 shares of the stock were exchanged, compared to its average volume of 209,959. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 11.57 and a beta of 1.22. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90. The firm's 50-day moving average is $60.91 and its 200-day moving average is $64.18.

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. The business had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The company's quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities research analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

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.