Gibraltar Industries, Inc. (NASDAQ:ROCK) Stake Decreased by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,971 shares of the construction company's stock after selling 5,771 shares during the period. Federated Hermes Inc. owned 0.07% of Gibraltar Industries worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ROCK. Smartleaf Asset Management LLC increased its position in shares of Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after acquiring an additional 530 shares during the last quarter. Atticus Wealth Management LLC purchased a new stake in Gibraltar Industries during the 4th quarter worth approximately $53,000. KBC Group NV raised its position in shares of Gibraltar Industries by 50.2% in the 4th 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of Gibraltar Industries during the 4th quarter valued at approximately $117,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Gibraltar Industries by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after buying an additional 228 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

Shares of ROCK stock traded down $0.02 during trading hours on Friday, hitting $51.78. 179,753 shares of the company were exchanged, compared to its average volume of 211,578. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.58 and a beta of 1.22. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90. The business's 50-day simple moving average is $60.42 and its two-hundred day simple moving average is $63.84.

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 analysts' consensus estimates of $0.95 by $0.06. The company had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.