Public Sector Pension Investment Board Sells 2,300 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Public Sector Pension Investment Board lowered its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,702 shares of the construction company’s stock after selling 2,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Gibraltar Industries were worth $4,525,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Gibraltar Industries by 27.8% in the third quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock worth $103,613,000 after purchasing an additional 322,422 shares during the period. Pacer Advisors Inc. grew its stake in shares of Gibraltar Industries by 14.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock valued at $74,320,000 after buying an additional 138,194 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Gibraltar Industries by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock valued at $57,882,000 after buying an additional 9,764 shares in the last quarter. FMR LLC raised its stake in Gibraltar Industries by 1,663.5% during the 3rd 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. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Gibraltar Industries by 14.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock worth $45,318,000 after acquiring an additional 81,401 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.

Gibraltar Industries Trading Up 0.8 %

ROCK opened at $72.44 on Monday. Gibraltar Industries, Inc. has a 1-year low of $61.92 and a 1-year high of $87.40. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 20.12 and a beta of 1.14. The company’s fifty day moving average price is $69.57 and its two-hundred day moving average price is $70.13.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. As a group, equities analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Gibraltar Industries Company Profile

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.