Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,694 shares of the construction company’s stock after selling 828 shares during the period. Seizert Capital Partners LLC owned about 0.13% of Gibraltar Industries worth $2,279,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its holdings in Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after purchasing an additional 685,462 shares during the period. Geode Capital Management LLC grew its holdings in Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock valued at $58,676,000 after purchasing an additional 32,950 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Gibraltar Industries in the third quarter valued at approximately $792,000. Citigroup Inc. grew its holdings in Gibraltar Industries by 29.5% in the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock valued at $4,110,000 after purchasing an additional 13,392 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Gibraltar Industries by 8.2% in the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock valued at $401,000 after purchasing an additional 445 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.

Gibraltar Industries Price Performance

NASDAQ ROCK opened at $65.00 on Wednesday. The company has a market cap of $1.97 billion, a PE ratio of 14.54 and a beta of 1.20. The stock’s 50 day simple moving average is $61.13 and its 200-day simple moving average is $66.00. Gibraltar Industries, Inc. has a 1-year low of $55.31 and a 1-year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $302.06 million for 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%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. On average, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.