South Dakota Investment Council Reduces Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

South Dakota Investment Council trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,412 shares of the construction company’s stock after selling 16,496 shares during the quarter. South Dakota Investment Council’s holdings in Gibraltar Industries were worth $9,984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in shares of Gibraltar Industries by 8.7% during the fourth quarter. Mackenzie Financial Corp now owns 4,321 shares of the construction company’s stock valued at $341,000 after purchasing an additional 345 shares during the period. PrairieView Partners LLC grew its stake in shares of Gibraltar Industries by 100.0% during the third quarter. PrairieView Partners LLC now owns 816 shares of the construction company’s stock worth $55,000 after acquiring an additional 408 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in Gibraltar Industries in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in Gibraltar Industries in the 3rd quarter worth approximately $28,000. Finally, Ritholtz Wealth Management boosted its position in Gibraltar Industries by 15.0% in the 4th quarter. Ritholtz Wealth Management now owns 4,205 shares of the construction company’s stock worth $332,000 after purchasing an additional 549 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 2.3 %

Shares of Gibraltar Industries stock traded down $1.71 during mid-day trading on Wednesday, hitting $71.75. The stock had a trading volume of 52,238 shares, compared to its average volume of 173,006. The firm has a market cap of $2.19 billion, a P/E ratio of 20.46 and a beta of 1.17. The firm has a 50-day moving average of $77.39 and a two-hundred day moving average of $74.58. Gibraltar Industries, Inc. has a 12-month low of $48.01 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $328.80 million for the quarter, compared to analysts’ expectations of $331.40 million. Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 29th.

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.