Royce & Associates LP Sells 4,509 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Royce & Associates LP reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,198 shares of the construction company’s stock after selling 4,509 shares during the quarter. Royce & Associates LP owned about 0.50% of Gibraltar Industries worth $10,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Gibraltar Industries by 27.8% during the third quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after buying an additional 322,422 shares during the period. Swedbank AB bought a new stake in shares of Gibraltar Industries in the 1st quarter valued at about $17,016,000. 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% during the second 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 valued at $45,318,000 after buying an additional 81,401 shares during the period. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Price Performance

ROCK opened at $70.66 on Friday. The firm has a market capitalization of $2.14 billion, a PE ratio of 19.63 and a beta of 1.14. The business’s 50-day moving average is $69.19 and its two-hundred day moving average is $70.26. Gibraltar Industries, Inc. has a 1 year low of $61.92 and a 1 year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued 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. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. During the same quarter in the previous year, the firm earned $1.38 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.