Pacer Advisors Inc. Sells 186,431 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Pacer Advisors Inc. lowered its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 20.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 719,794 shares of the construction company's stock after selling 186,431 shares during the period. Pacer Advisors Inc. owned about 2.37% of Gibraltar Industries worth $42,396,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock worth $51,000 after buying an additional 170 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Gibraltar Industries by 1.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company's stock worth $965,000 after acquiring an additional 211 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Gibraltar Industries by 271.6% in 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. Quarry LP raised its position in Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company's stock valued at $92,000 after purchasing an additional 329 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Gibraltar Industries by 11.9% during the third 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 in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK traded down $1.00 during trading on Friday, reaching $61.42. The stock had a trading volume of 195,707 shares, compared to its average volume of 167,533. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $87.40. The firm's fifty day moving average is $63.98 and its 200 day moving average is $67.68. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 17.06 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. The firm had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business's revenue was down 7.6% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. On average, research analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 31st.

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.