Comerica Bank trimmed its position in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,876 shares of the construction company’s stock after selling 3,646 shares during the period. Comerica Bank’s holdings in Gibraltar Industries were worth $3,738,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Gibraltar Industries by 5.6% during the 2nd quarter. BlackRock Inc. now owns 4,317,060 shares of the construction company’s stock valued at $161,889,000 after purchasing an additional 229,627 shares during the period. FMR LLC boosted its stake in Gibraltar Industries by 46.8% during the 2nd quarter. FMR LLC now owns 1,799,845 shares of the construction company’s stock valued at $67,495,000 after purchasing an additional 573,750 shares during the period. Pzena Investment Management LLC raised its position in shares of Gibraltar Industries by 2.5% during the 2nd quarter. Pzena Investment Management LLC now owns 1,569,893 shares of the construction company’s stock worth $58,871,000 after buying an additional 38,786 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Gibraltar Industries by 6.4% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 519,529 shares of the construction company’s stock worth $23,691,000 after buying an additional 31,364 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Gibraltar Industries by 9.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 482,024 shares of the construction company’s stock worth $18,076,000 after buying an additional 40,700 shares in the last quarter.

ROCK has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. BidaskClub downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th.

ROCK stock opened at $35.04 on Tuesday. Gibraltar Industries Inc has a 52 week low of $29.50 and a 52 week high of $49.10. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 20.49 and a beta of 1.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.27 and a current ratio of 2.78.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, November 1st. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Gibraltar Industries had a net margin of 7.44% and a return on equity of 12.23%. The company had revenue of $280.10 million for the quarter, compared to the consensus estimate of $287.93 million. During the same period in the previous year, the firm earned $0.67 EPS. Gibraltar Industries’s revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Gibraltar Industries Inc will post 2.07 EPS for the current year.

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Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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