New York State Teachers Retirement System Lowers Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

New York State Teachers Retirement System lessened its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCKFree Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,625 shares of the construction company’s stock after selling 3,239 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Gibraltar Industries worth $2,805,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after buying an additional 685,462 shares during the period. Geode Capital Management LLC boosted its position in shares of Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after buying an additional 32,950 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gibraltar Industries in the third quarter worth about $792,000. Citigroup Inc. boosted its position in shares of Gibraltar Industries by 29.5% in the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock worth $4,110,000 after buying an additional 13,392 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Gibraltar Industries by 8.2% in the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock worth $401,000 after buying an additional 445 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on ROCK

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK opened at $64.89 on Friday. Gibraltar Industries, Inc. has a 1-year low of $55.31 and a 1-year high of $81.90. The business has a 50-day moving average of $60.62 and a 200-day moving average of $65.94. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.52 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCKGet Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The firm had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. Research analysts expect that Gibraltar Industries, Inc. will post 4.86 EPS for the current fiscal year.

Gibraltar Industries Company Profile

(Free Report)

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.

See Also

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

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