Teacher Retirement System of Texas Has $408,000 Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Teacher Retirement System of Texas lowered its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 56.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,934 shares of the construction company's stock after selling 8,926 shares during the quarter. Teacher Retirement System of Texas' holdings in Gibraltar Industries were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROCK. Smartleaf Asset Management LLC boosted its position in shares of Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after acquiring an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Gibraltar Industries during the fourth quarter worth $53,000. KBC Group NV boosted its holdings 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. Quarry LP increased its stake in shares of Gibraltar Industries by 33.3% in the 3rd quarter. Quarry LP now owns 1,318 shares of the construction company's stock valued at $92,000 after purchasing an additional 329 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries during the 4th quarter worth $117,000. Institutional investors own 98.39% of the company's stock.

Wall Street Analyst Weigh In

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

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Gibraltar Industries Stock Performance

Shares of ROCK traded up $1.05 during mid-day trading on Wednesday, reaching $59.09. The company had a trading volume of 282,606 shares, compared to its average volume of 201,849. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.22 and a beta of 1.20. The company's 50 day simple moving average is $62.60 and its 200 day simple moving average is $65.46. Gibraltar Industries, Inc. has a 1-year low of $55.31 and a 1-year high of $81.90.

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

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.