Seizert Capital Partners LLC Trims Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Seizert Capital Partners LLC cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,522 shares of the construction company’s stock after selling 377 shares during the period. Seizert Capital Partners LLC owned about 0.13% of Gibraltar Industries worth $2,764,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its position in shares of Gibraltar Industries by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,162 shares of the construction company’s stock valued at $496,000 after buying an additional 426 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Gibraltar Industries by 18.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,188 shares of the construction company’s stock worth $1,062,000 after purchasing an additional 2,031 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Gibraltar Industries by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock valued at $232,622,000 after purchasing an additional 68,728 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Gibraltar Industries by 9.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 20,391 shares of the construction company’s stock valued at $1,642,000 after buying an additional 1,700 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Gibraltar Industries by 110.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,503 shares of the construction company’s stock worth $1,168,000 after buying an additional 7,627 shares during the period. Institutional investors own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Gibraltar Industries Trading Down 1.9 %

NASDAQ ROCK opened at $70.66 on Friday. Gibraltar Industries, Inc. has a 12 month low of $61.92 and a 12 month high of $87.40. The stock has a market cap of $2.14 billion, a PE ratio of 19.63 and a beta of 1.14. The stock’s 50 day moving average is $69.19 and its 200 day moving average is $70.26.

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