Gibraltar Industries, Inc. (NASDAQ:ROCK) Stock Holdings Lowered by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 767,143 shares of the construction company's stock after selling 51,282 shares during the quarter. Silvercrest Asset Management Group LLC owned 2.53% of Gibraltar Industries worth $45,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROCK. Vanguard Group Inc. increased its stake in shares of Gibraltar Industries by 0.5% in 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $97,975,000 after purchasing an additional 23,358 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Gibraltar Industries by 34.7% during the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock worth $90,769,000 after purchasing an additional 397,313 shares during the last quarter. Geode Capital Management LLC grew its stake in Gibraltar Industries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock worth $50,359,000 after purchasing an additional 15,889 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Gibraltar Industries by 32.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock valued at $33,604,000 after buying an additional 140,784 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gibraltar Industries

In related news, Director James B. Nish sold 1,172 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the sale, the director now owns 11,976 shares of the company's stock, valued at $697,122.96. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

Gibraltar Industries Stock Down 0.9%

Shares of NASDAQ:ROCK traded down $0.56 on Wednesday, reaching $60.78. 123,127 shares of the company's stock were exchanged, compared to its average volume of 284,676. The business's 50-day moving average is $57.34 and its two-hundred day moving average is $62.12. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.60 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share 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 for the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. Gibraltar Industries's quarterly revenue was down .9% on a year-over-year basis. Analysts predict that Gibraltar Industries, Inc. will post 4.91 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.