Cerity Partners LLC Reduces Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Cerity Partners LLC decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 71.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,929 shares of the construction company's stock after selling 103,099 shares during the quarter. Cerity Partners LLC owned about 0.13% of Gibraltar Industries worth $2,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted 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 worth $4,110,000 after buying an additional 13,392 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Gibraltar Industries by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 410,781 shares of the construction company's stock valued at $28,726,000 after purchasing an additional 19,614 shares during the period. Intech Investment Management LLC boosted its position in shares of Gibraltar Industries by 44.0% during the third quarter. Intech Investment Management LLC now owns 16,169 shares of the construction company's stock valued at $1,131,000 after purchasing an additional 4,943 shares in the last quarter. Aurora Investment Counsel bought a new stake in shares of Gibraltar Industries during the third quarter valued at approximately $1,710,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Gibraltar Industries by 21.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,477 shares of the construction company's stock worth $1,082,000 after purchasing an additional 2,691 shares during the period. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Price Performance

NASDAQ:ROCK traded up $0.59 during mid-day trading on Friday, hitting $72.44. 86,359 shares of the company's stock were exchanged, compared to its average volume of 172,432. The company has a market cap of $2.20 billion, a PE ratio of 20.12 and a beta of 1.14. Gibraltar Industries, Inc. has a one year low of $61.92 and a one year high of $87.40. The business has a fifty day moving average price of $69.57 and a 200 day moving average price of $70.13.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm had revenue of $361.20 million for the quarter, compared to analysts' expectations of $360.43 million. During the same period in the previous year, the firm posted $1.38 EPS. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered 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.