Silvercrest Asset Management Group LLC Has $45.19 Million Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Silvercrest Asset Management Group LLC decreased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 767,143 shares of the construction company's stock after selling 51,282 shares during the quarter. Silvercrest Asset Management Group LLC owned about 2.53% of Gibraltar Industries worth $45,185,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after purchasing an additional 228 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Gibraltar Industries by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock worth $994,000 after purchasing an additional 237 shares during the last quarter. Keybank National Association OH raised its holdings in Gibraltar Industries by 5.0% during the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock worth $421,000 after purchasing an additional 343 shares during the last quarter. Swiss National Bank raised its holdings in Gibraltar Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock worth $3,528,000 after purchasing an additional 400 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Gibraltar Industries by 12.8% during the 4th quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock worth $212,000 after purchasing an additional 410 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Insider Activity

In related news, Director James B. Nish sold 2,670 shares of Gibraltar Industries stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total value of $153,738.60. Following the completion of the sale, the director now owns 13,148 shares of the company's stock, valued at approximately $757,061.84. This trade represents a 16.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK traded down $0.95 during mid-day trading on Monday, hitting $61.55. The company had a trading volume of 143,804 shares, compared to its average volume of 225,694. The firm has a fifty day moving average price of $57.38 and a 200 day moving average price of $62.12. The company has a market capitalization of $1.82 billion, a PE ratio of 13.77 and a beta of 1.30. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90.

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, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.