Illinois Municipal Retirement Fund Trims Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Illinois Municipal Retirement Fund lowered its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,239 shares of the construction company’s stock after selling 1,123 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Gibraltar Industries were worth $1,362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in Gibraltar Industries by 8.7% in the 4th 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 last quarter. Cornercap Investment Counsel Inc. lifted its position in Gibraltar Industries by 7.0% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 15,377 shares of the construction company’s stock valued at $1,214,000 after buying an additional 1,005 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Gibraltar Industries during the fourth quarter valued at about $1,200,000. Cerity Partners LLC acquired a new stake in shares of Gibraltar Industries during the fourth quarter valued at about $308,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Gibraltar Industries by 9.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 634,595 shares of the construction company’s stock valued at $50,120,000 after acquiring an additional 56,126 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Trading Up 1.6 %

Shares of NASDAQ ROCK opened at $72.26 on Friday. The stock has a market capitalization of $2.20 billion, a PE ratio of 20.13 and a beta of 1.17. Gibraltar Industries, Inc. has a twelve month low of $48.52 and a twelve month high of $87.40. The stock has a fifty day simple moving average of $76.52 and a 200-day simple moving average of $74.67.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, February 21st. The construction company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $328.80 million for the quarter, compared to analysts’ expectations of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. On average, equities analysts predict that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current year.

Analyst Ratings Changes

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

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.