Everence Capital Management Inc. Sells 2,180 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Everence Capital Management Inc. cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 37.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,680 shares of the construction company’s stock after selling 2,180 shares during the quarter. Everence Capital Management Inc.’s holdings in Gibraltar Industries were worth $217,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after acquiring an additional 685,462 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Gibraltar Industries by 27.8% during the 3rd 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 last quarter. Pacer Advisors Inc. lifted its position 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 worth $74,320,000 after purchasing an additional 138,194 shares during the period. Millennium Management LLC boosted its stake in shares of Gibraltar Industries by 196.4% in the 2nd quarter. Millennium Management LLC now owns 123,438 shares of the construction company’s stock valued at $8,462,000 after purchasing an additional 81,791 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Gibraltar Industries by 14.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock worth $45,318,000 after buying an additional 81,401 shares during the period. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 0.8 %

Shares of ROCK stock opened at $59.01 on Thursday. The firm has a 50 day moving average of $66.99 and a 200-day moving average of $68.51. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 16.39 and a beta of 1.19. Gibraltar Industries, Inc. has a 52 week low of $57.34 and a 52 week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) 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 analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. Analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

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 Tuesday, December 31st.

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.