Gibraltar Industries, Inc. (NASDAQ:ROCK) Holdings Reduced by Aviva PLC

Aviva PLC lessened its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,769 shares of the construction company’s stock after selling 679 shares during the period. Aviva PLC’s holdings in Gibraltar Industries were worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROCK. Wellington Management Group LLP increased its position in Gibraltar Industries by 34.7% in the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock valued at $90,769,000 after acquiring an additional 397,313 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Gibraltar Industries by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company’s stock valued at $7,601,000 after purchasing an additional 71,532 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Gibraltar Industries by 39.5% during the fourth quarter. JPMorgan Chase & Co. now owns 204,466 shares of the construction company’s stock valued at $12,043,000 after purchasing an additional 57,928 shares during the period. State Street Corp lifted its holdings in 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 purchasing an additional 56,008 shares during the period. Finally, Barclays PLC grew its position in Gibraltar Industries by 93.8% in the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock valued at $7,226,000 after buying an additional 50,017 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th.

Gibraltar Industries Price Performance

ROCK opened at $54.23 on Friday. The business has a 50 day moving average price of $61.18 and a two-hundred day moving average price of $64.40. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.13 and a beta of 1.22. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $302.06 million during 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 revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.