Trexquant Investment LP Sells 14,515 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Trexquant Investment LP reduced its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 54.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,064 shares of the construction company's stock after selling 14,515 shares during the quarter. Trexquant Investment LP's holdings in Gibraltar Industries were worth $711,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after acquiring an additional 530 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Gibraltar Industries in the 4th quarter worth approximately $53,000. KBC Group NV lifted its stake in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the last quarter. SG Americas Securities LLC bought a new position in Gibraltar Industries during the fourth quarter valued at $117,000. Finally, PNC Financial Services Group Inc. increased its position in Gibraltar Industries by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after buying an additional 228 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Performance

NASDAQ ROCK traded up $0.23 during trading on Thursday, hitting $52.03. 29,472 shares of the company's stock traded hands, compared to its average volume of 210,478. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.65 and a beta of 1.22. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The business has a 50 day moving average of $60.76 and a 200-day moving average of $64.09.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.