Gibraltar Industries, Inc. (NASDAQ:ROCK) Stock Position Cut by Kestrel Investment Management Corp

Kestrel Investment Management Corp cut its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 90,250 shares of the construction company’s stock after selling 20,500 shares during the quarter. Gibraltar Industries makes up 4.8% of Kestrel Investment Management Corp’s portfolio, making the stock its 4th largest holding. Kestrel Investment Management Corp’s holdings in Gibraltar Industries were worth $7,128,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legato Capital Management LLC purchased a new stake in Gibraltar Industries during the fourth quarter worth $1,008,000. Pacer Advisors Inc. lifted its holdings in Gibraltar Industries by 122.0% during the fourth quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after purchasing an additional 450,665 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Gibraltar Industries by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 113,760 shares of the construction company’s stock valued at $9,005,000 after purchasing an additional 8,055 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Gibraltar Industries by 79.4% during the third quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company’s stock valued at $5,319,000 after purchasing an additional 34,866 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in Gibraltar Industries by 2,421.3% during the fourth quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock valued at $299,000 after purchasing an additional 3,632 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Trading Up 0.3 %

ROCK traded up $0.24 during midday trading on Friday, hitting $71.32. 107,467 shares of the company traded hands, compared to its average volume of 176,156. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.87 and a beta of 1.17. Gibraltar Industries, Inc. has a 52-week low of $48.01 and a 52-week high of $87.40. The business has a 50 day simple moving average of $77.87 and a two-hundred day simple moving average of $74.35.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $331.40 million. Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.73 earnings per share for the current year.

Analysts Set New Price Targets

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

Gibraltar Industries 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.