Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,763 shares of the construction company's stock after selling 5,257 shares during the period. Natixis Advisors LLC's holdings in Gibraltar Industries were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ROCK. PNC Financial Services Group Inc. increased its stake in 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 acquiring an additional 228 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Gibraltar Industries by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock worth $994,000 after purchasing an additional 237 shares during the last quarter. Quarry LP raised its holdings in 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 buying an additional 329 shares during the period. Keybank National Association OH raised its holdings in Gibraltar Industries by 5.0% in the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock valued at $421,000 after buying an additional 343 shares during the period. Finally, HighTower Advisors LLC lifted its position in Gibraltar Industries by 11.9% in the third quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company's stock valued at $245,000 after buying an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

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Gibraltar Industries Stock Down 3.9 %

NASDAQ ROCK traded down $2.42 on Friday, reaching $59.49. The stock had a trading volume of 290,247 shares, compared to its average volume of 200,399. The stock has a fifty day moving average price of $62.83 and a two-hundred day moving average price of $65.64. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.31 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

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

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.