State of Tennessee Department of Treasury Lowers Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

State of Tennessee Department of Treasury reduced its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,056 shares of the construction company's stock after selling 5,221 shares during the quarter. State of Tennessee Department of Treasury's holdings in Gibraltar Industries were worth $828,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in shares of Gibraltar Industries by 37.8% in the fourth quarter. Sei Investments Co. now owns 27,373 shares of the construction company's stock worth $1,612,000 after acquiring an additional 7,513 shares during the period. Geode Capital Management LLC grew its position in Gibraltar Industries by 1.9% in the 4th 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. Barclays PLC boosted its stake in shares of Gibraltar Industries by 93.8% in the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after buying an additional 50,017 shares during the last quarter. Rhumbline Advisers grew its stake in Gibraltar Industries by 4.7% in the 4th quarter. Rhumbline Advisers now owns 95,220 shares of the construction company's stock valued at $5,608,000 after purchasing an additional 4,280 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Gibraltar Industries by 0.5% in the 4th 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. 98.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research note on Monday.

Insider Activity

In other news, Director James B. Nish sold 2,670 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was 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 directly owns 13,148 shares of the company's stock, valued at $757,061.84. This trade represents a 16.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Gibraltar Industries Stock Up 2.1 %

Gibraltar Industries stock traded up $1.20 during trading hours on Thursday, hitting $57.95. The stock had a trading volume of 29,442 shares, compared to its average volume of 216,809. The stock has a market capitalization of $1.71 billion, a P/E ratio of 12.96 and a beta of 1.30. The stock's 50-day moving average price is $58.07 and its 200-day moving average price is $62.45. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month 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 (EPS) for the quarter, beating 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 analysts' expectations of $296.77 million. During the same quarter last year, the business posted $0.80 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.