Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,407 shares of the construction company's stock after selling 27,580 shares during the quarter. Alliancebernstein L.P. owned about 0.23% of Gibraltar Industries worth $4,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in shares of Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after buying an additional 530 shares during the period. Atticus Wealth Management LLC acquired a new stake in Gibraltar Industries during the fourth quarter worth $53,000. KBC Group NV raised its position in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the period. SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries in the 4th quarter valued at $117,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 20th.

Gibraltar Industries Trading Down 0.0 %

Gibraltar Industries stock traded down $0.02 during trading on Friday, hitting $51.78. The company had a trading volume of 179,753 shares, compared to its average volume of 211,578. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 11.58 and a beta of 1.22. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90. The company's 50 day simple moving average is $60.42 and its 200-day simple moving average is $63.84.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the prior year, the company earned $0.85 EPS. Gibraltar Industries's revenue was down 8.1% on a year-over-year basis. As a group, analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share 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.