Kestrel Investment Management Corp lessened its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,250 shares of the construction company's stock after selling 20,500 shares during the quarter. Gibraltar Industries makes up 4.8% of Kestrel Investment Management Corp's portfolio, making the stock its 4th largest holding. Kestrel Investment Management Corp owned 0.30% of Gibraltar Industries worth $7,128,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Gibraltar Industries by 59.5% during the 1st quarter. JPMorgan Chase & Co. now owns 33,829 shares of the construction company's stock valued at $1,453,000 after buying an additional 12,621 shares in the last quarter. US Bancorp DE lifted its stake in shares of Gibraltar Industries by 60.8% during the 1st quarter. US Bancorp DE now owns 2,160 shares of the construction company's stock valued at $93,000 after buying an additional 817 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Gibraltar Industries by 12.2% during the 1st quarter. Citigroup Inc. now owns 31,852 shares of the construction company's stock valued at $1,368,000 after buying an additional 3,456 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Gibraltar Industries by 23.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the construction company's stock valued at $138,000 after buying an additional 614 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Gibraltar Industries by 57.5% during the 1st quarter. MetLife Investment Management LLC now owns 17,585 shares of the construction company's stock valued at $755,000 after buying an additional 6,421 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.
Gibraltar Industries Stock Up 0.3 %
NASDAQ ROCK traded up $0.24 on Friday, reaching $71.32. The company had a trading volume of 107,467 shares, compared to its average volume of 176,156. The stock has a market capitalization of $2.17 billion, a PE ratio of 19.87 and a beta of 1.17. The firm's 50 day moving average price is $77.87 and its 200 day moving average price is $74.35. Gibraltar Industries, Inc. has a 12 month low of $48.01 and a 12 month high of $87.40.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The company had revenue of $328.80 million during the quarter, compared to the consensus estimate of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The business's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, research analysts expect that Gibraltar Industries, Inc. will post 4.73 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, March 29th.
Read Our Latest Report on Gibraltar Industries
Gibraltar Industries Profile
(
Free Report)
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.
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