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Thrivent Financial for Lutherans decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,452 shares of the construction company’s stock after selling 17,650 shares during the period. Thrivent Financial for Lutherans’ holdings in Gibraltar Industries were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Gibraltar Industries by 4.6% in the third quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock worth $89,390,000 after buying an additional 56,008 shares in the last quarter. Geode Capital Management LLC lifted its stake in Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after acquiring an additional 32,950 shares during the period. FMR LLC lifted its stake in shares of Gibraltar Industries by 1,663.5% during the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after purchasing an additional 685,462 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Gibraltar Industries by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,415 shares of the construction company’s stock worth $25,410,000 after purchasing an additional 20,634 shares in the last quarter. Finally, Swedbank AB increased its stake in Gibraltar Industries by 3.4% during the 4th quarter. Swedbank AB now owns 276,227 shares of the construction company’s stock valued at $16,270,000 after purchasing an additional 9,151 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Stock Down 3.9 %
Shares of NASDAQ ROCK opened at $59.49 on Monday. The firm has a 50-day simple moving average of $62.83 and a 200-day simple moving average of $65.64. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.31 and a beta of 1.20. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90.
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th.
View Our Latest Stock Analysis on ROCK
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.
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