Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,715 shares of the construction company's stock after selling 9,271 shares during the period. Invesco Ltd. owned 0.49% of Gibraltar Industries worth $8,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of Gibraltar Industries by 8.0% during the fourth quarter. Bank of Montreal Can now owns 5,691 shares of the construction company's stock worth $335,000 after buying an additional 423 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Gibraltar Industries by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,645 shares of the construction company's stock valued at $980,000 after purchasing an additional 4,348 shares during the period. Geode Capital Management LLC raised its stake in shares of Gibraltar Industries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock worth $50,359,000 after purchasing an additional 15,889 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Gibraltar Industries by 8.8% during the fourth quarter. Franklin Resources Inc. now owns 6,393 shares of the construction company's stock worth $377,000 after purchasing an additional 519 shares during the period. Finally, Wellington Management Group LLP boosted its position in Gibraltar Industries by 34.7% in the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock valued at $90,769,000 after buying an additional 397,313 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Price Performance

NASDAQ ROCK opened at $51.28 on Thursday. The company has a fifty day moving average of $59.95 and a 200 day moving average of $63.42. The company has a market capitalization of $1.52 billion, a PE ratio of 11.47 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.

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 net margin of 10.49% and a return on equity of 13.19%. The business had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. During the same period in the prior year, the company posted $0.85 EPS. The company's revenue for the quarter was down 8.1% on a year-over-year basis. Research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research 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.

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