Russell Investments Group Ltd. Has $2.50 Million Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Russell Investments Group Ltd. trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,664 shares of the construction company's stock after selling 19,526 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Gibraltar Industries worth $2,501,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ROCK. New York State Teachers Retirement System boosted its stake in shares of Gibraltar Industries by 2.0% during the third quarter. New York State Teachers Retirement System now owns 59,851 shares of the construction company's stock valued at $4,041,000 after acquiring an additional 1,179 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gibraltar Industries by 15.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,618 shares of the construction company's stock valued at $514,000 after buying an additional 1,046 shares during the last quarter. Advisor Partners II LLC purchased a new position in shares of Gibraltar Industries during the third quarter valued at approximately $204,000. Park Avenue Securities LLC acquired a new stake in Gibraltar Industries during the third quarter worth approximately $301,000. Finally, Inspire Investing LLC purchased a new stake in Gibraltar Industries in the 3rd quarter worth approximately $306,000. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Price Performance

NASDAQ:ROCK traded up $0.47 during mid-day trading on Tuesday, reaching $74.73. The company's stock had a trading volume of 139,478 shares, compared to its average volume of 172,644. The stock has a market cap of $2.28 billion, a P/E ratio of 19.96 and a beta of 1.20. Gibraltar Industries, Inc. has a twelve month low of $51.36 and a twelve month high of $87.40. The company's fifty day simple moving average is $75.33 and its two-hundred day simple moving average is $75.55.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The company had revenue of $292.51 million during the quarter, compared to analysts' expectations of $296.29 million. During the same period in the previous year, the company earned $0.70 EPS. The business's quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 29th.

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.