Bank of New York Mellon Corp Sells 16,302 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bank of New York Mellon Corp decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,687 shares of the construction company's stock after selling 16,302 shares during the period. Bank of New York Mellon Corp owned about 1.26% of Gibraltar Industries worth $22,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in Gibraltar Industries by 1,663.5% during the 3rd 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 period. Victory Capital Management Inc. increased its stake in shares of Gibraltar Industries by 27.8% in the third 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 in the last quarter. State Street Corp raised its position in shares of Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock valued at $89,390,000 after purchasing an additional 56,008 shares during the period. Barclays PLC lifted its stake in shares of Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock valued at $7,226,000 after buying an additional 50,017 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock worth $58,676,000 after buying an additional 32,950 shares during the period. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Down 1.3 %

NASDAQ ROCK traded down $0.84 during trading hours on Wednesday, reaching $64.99. The company's stock had a trading volume of 111,855 shares, compared to its average volume of 180,845. Gibraltar Industries, Inc. has a 1 year low of $55.31 and a 1 year high of $81.90. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.54 and a beta of 1.20. The firm's 50-day moving average price is $61.77 and its 200-day moving average price is $65.98.

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

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.