South Dakota Investment Council Lowers Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

South Dakota Investment Council lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,412 shares of the construction company's stock after selling 16,496 shares during the quarter. South Dakota Investment Council owned approximately 0.42% of Gibraltar Industries worth $9,984,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Gibraltar Industries during the 4th quarter valued at approximately $57,000. Mackenzie Financial Corp lifted its stake in Gibraltar Industries by 8.7% during the 4th quarter. Mackenzie Financial Corp now owns 4,321 shares of the construction company's stock valued at $341,000 after acquiring an additional 345 shares in the last quarter. Cornercap Investment Counsel Inc. raised its stake in shares of Gibraltar Industries by 7.0% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 15,377 shares of the construction company's stock worth $1,214,000 after purchasing an additional 1,005 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Gibraltar Industries during the 4th quarter worth $1,200,000. Finally, Cerity Partners LLC bought a new stake in shares of Gibraltar Industries during the 4th quarter worth $308,000. Institutional investors own 98.39% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, March 29th.

Gibraltar Industries Trading Down 2.4 %

Shares of NASDAQ ROCK traded down $1.75 during midday trading on Wednesday, hitting $71.71. 115,064 shares of the company's stock were exchanged, compared to its average volume of 174,007. Gibraltar Industries, Inc. has a 12-month low of $48.01 and a 12-month high of $87.40. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.97 and a beta of 1.17. The business's fifty day moving average price is $77.11 and its two-hundred day moving average price is $74.56.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $328.80 million for the quarter, compared to analysts' expectations of $331.40 million. Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Equities analysts expect that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current fiscal 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.