Victory Capital Management Inc. Reduces Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Victory Capital Management Inc. decreased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,220,299 shares of the construction company's stock after selling 261,375 shares during the period. Victory Capital Management Inc. owned 4.02% of Gibraltar Industries worth $71,876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in Gibraltar Industries by 271.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after purchasing an additional 277 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 530 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in shares of Gibraltar Industries in the fourth quarter valued at approximately $53,000. KBC Group NV lifted its stake in shares of Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after buying an additional 480 shares during the period. Finally, Quarry LP boosted its position in Gibraltar Industries by 33.3% during the third quarter. Quarry LP now owns 1,318 shares of the construction company's stock worth $92,000 after acquiring an additional 329 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Down 1.3 %

Shares of NASDAQ ROCK traded down $0.84 during midday trading on Monday, hitting $65.64. The stock had a trading volume of 323,001 shares, compared to its average volume of 180,128. Gibraltar Industries, Inc. has a 1-year low of $55.31 and a 1-year high of $81.90. The company has a fifty day moving average price of $61.49 and a 200 day moving average price of $66.00. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.68 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 for the quarter, beating 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 quarter in the previous year, the business posted $0.85 EPS. The business's quarterly revenue was down 8.1% on a year-over-year basis. On average, research analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

About Gibraltar Industries

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.