Oppenheimer Asset Management Inc. Has $570,000 Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Oppenheimer Asset Management Inc. decreased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,671 shares of the construction company's stock after selling 5,806 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Gibraltar Industries were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund boosted 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 acquiring an additional 237 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Gibraltar Industries by 14.3% during the 4th quarter. Handelsbanken Fonder AB now owns 8,009 shares of the construction company's stock worth $472,000 after acquiring an additional 1,000 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Gibraltar Industries by 2.4% during the 4th quarter. New York State Common Retirement Fund now owns 136,510 shares of the construction company's stock worth $8,040,000 after acquiring an additional 3,194 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Gibraltar Industries by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 162,491 shares of the construction company's stock worth $9,571,000 after acquiring an additional 5,226 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Gibraltar Industries by 6.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 30,676 shares of the construction company's stock worth $1,807,000 after acquiring an additional 1,853 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

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Gibraltar Industries Trading Up 0.3 %

ROCK traded up $0.20 during trading on Friday, reaching $66.48. 331,892 shares of the company's stock were exchanged, compared to its average volume of 241,343. Gibraltar Industries, Inc. has a one year low of $55.31 and a one year high of $81.90. The stock has a market capitalization of $2.02 billion, a PE ratio of 14.87 and a beta of 1.20. The firm has a fifty day moving average price of $61.49 and a two-hundred day moving average price of $66.01.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 earnings per share 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 company had revenue of $302.06 million for the quarter, compared to analysts' expectations of $307.93 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Gibraltar Industries's revenue for the quarter was down 8.1% on a year-over-year basis. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analysts Set New Price Targets

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