Shell Asset Management Co. cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) by 12.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,172 shares of the construction company’s stock after selling 1,208 shares during the period. Shell Asset Management Co.’s holdings in Gibraltar Industries were worth $351,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC grew its stake in shares of Gibraltar Industries by 10.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,043,680 shares of the construction company’s stock valued at $69,059,000 after buying an additional 96,381 shares during the period. GW&K Investment Management LLC boosted its position in Gibraltar Industries by 4.1% during the 4th quarter. GW&K Investment Management LLC now owns 1,010,631 shares of the construction company’s stock worth $67,389,000 after purchasing an additional 39,975 shares during the period. Victory Capital Management Inc. boosted its position in Gibraltar Industries by 143.9% during the 4th quarter. Victory Capital Management Inc. now owns 935,976 shares of the construction company’s stock worth $62,411,000 after purchasing an additional 552,274 shares during the period. Champlain Investment Partners LLC boosted its position in Gibraltar Industries by 10.7% during the 4th quarter. Champlain Investment Partners LLC now owns 806,030 shares of the construction company’s stock worth $53,746,000 after purchasing an additional 78,040 shares during the period. Finally, Schroder Investment Management Group boosted its position in Gibraltar Industries by 7.4% during the 4th quarter. Schroder Investment Management Group now owns 790,673 shares of the construction company’s stock worth $52,722,000 after purchasing an additional 54,414 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Linda Kristine Myers acquired 1,600 shares of the business’s stock in a transaction on Friday, May 20th. The shares were purchased at an average price of $38.16 per share, for a total transaction of $61,056.00. Following the acquisition, the director now directly owns 12,683 shares of the company’s stock, valued at approximately $483,983.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by company insiders.
Gibraltar Industries Stock Up 0.2 %
Shares of Gibraltar Industries stock opened at $44.15 on Friday. The company has a fifty day moving average price of $42.20 and a 200 day moving average price of $44.56. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. Gibraltar Industries, Inc. has a twelve month low of $36.86 and a twelve month high of $79.40. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 17.80 and a beta of 1.14.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The construction company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.16. Gibraltar Industries had a net margin of 5.88% and a return on equity of 12.07%. The firm had revenue of $366.90 million during the quarter, compared to analysts’ expectations of $364.43 million. During the same period in the prior year, the company earned $0.80 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that Gibraltar Industries, Inc. will post 3.3 earnings per share for the current fiscal year.
About Gibraltar Industries
Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. 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.
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