Shelton Capital Management Reduces Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Shelton Capital Management cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,630 shares of the construction company's stock after selling 16,000 shares during the period. Shelton Capital Management owned about 0.10% of Gibraltar Industries worth $1,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors grew its stake in shares of Gibraltar Industries by 48.7% during the 3rd quarter. Captrust Financial Advisors now owns 6,091 shares of the construction company's stock valued at $426,000 after acquiring an additional 1,995 shares during the period. Verition Fund Management LLC boosted its position in shares of Gibraltar Industries by 35.2% in the third quarter. Verition Fund Management LLC now owns 6,369 shares of the construction company's stock worth $445,000 after purchasing an additional 1,657 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Gibraltar Industries in the third quarter worth approximately $261,000. HighTower Advisors LLC raised its position in shares of Gibraltar Industries by 11.9% during the 3rd quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company's stock valued at $245,000 after purchasing an additional 366 shares during the period. Finally, State Street Corp lifted its stake in shares of Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock valued at $89,390,000 after buying an additional 56,008 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Trading Down 1.0 %

ROCK traded down $0.54 during trading hours on Monday, hitting $53.69. The company's stock had a trading volume of 25,807 shares, compared to its average volume of 278,789. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 12.01 and a beta of 1.22. The business's 50-day moving average price is $61.18 and its 200-day moving average price is $64.37. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90.

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

Analyst Ratings Changes

Separately, StockNews.com raised 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.