Tower Research Capital LLC TRC Trims Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Tower Research Capital LLC TRC trimmed its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 62.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,573 shares of the construction company's stock after selling 6,012 shares during the quarter. Tower Research Capital LLC TRC's holdings in Gibraltar Industries were worth $210,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ROCK. Sterling Capital Management LLC increased its holdings in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after acquiring an additional 458 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after purchasing an additional 530 shares during the period. Atticus Wealth Management LLC purchased a new stake in shares of Gibraltar Industries in the fourth quarter worth $53,000. KBC Group NV boosted its stake in Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after buying an additional 480 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Gibraltar Industries during the fourth quarter valued at $117,000. 98.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 20th.

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock opened at $58.02 on Monday. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The firm has a market cap of $1.71 billion, a PE ratio of 12.98 and a beta of 1.30. The company has a 50 day simple moving average of $58.62 and a two-hundred day simple moving average of $62.61.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. As a group, research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

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.

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