Thrivent Financial for Lutherans Has $1.38 Million Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Thrivent Financial for Lutherans trimmed its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,452 shares of the construction company’s stock after selling 17,650 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Gibraltar Industries worth $1,381,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Royce & Associates LP lifted its position in shares of Gibraltar Industries by 3.4% during the 4th quarter. Royce & Associates LP now owns 157,325 shares of the construction company’s stock worth $9,266,000 after buying an additional 5,127 shares during the last quarter. Swiss National Bank grew its stake in shares of Gibraltar Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 59,900 shares of the construction company’s stock valued at $3,528,000 after buying an additional 400 shares during the period. Wealthfront Advisers LLC bought a new position in Gibraltar Industries in the 4th quarter valued at about $714,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Gibraltar Industries by 75.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,549 shares of the construction company’s stock worth $739,000 after acquiring an additional 5,400 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Gibraltar Industries by 134.4% during the fourth quarter. AlphaQuest LLC now owns 27,023 shares of the construction company’s stock valued at $1,592,000 after buying an additional 15,494 shares during the period. 98.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Gibraltar Industries Price Performance

Shares of ROCK opened at $59.49 on Monday. Gibraltar Industries, Inc. has a 1 year low of $55.31 and a 1 year high of $81.90. The stock has a 50 day simple moving average of $62.83 and a two-hundred day simple moving average of $65.64. The firm has a market cap of $1.77 billion, a P/E ratio of 13.31 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. The company had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current 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.