Thrivent Financial for Lutherans Trims Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Thrivent Financial for Lutherans reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,452 shares of the construction company's stock after selling 17,650 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Gibraltar Industries worth $1,381,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in Gibraltar Industries by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 410,781 shares of the construction company's stock valued at $28,726,000 after purchasing an additional 19,614 shares during the period. Citigroup Inc. boosted its position in shares of Gibraltar Industries by 29.5% in the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company's stock worth $4,110,000 after purchasing an additional 13,392 shares in the last quarter. FMR LLC increased its position in Gibraltar Industries by 1,663.5% during the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after buying an additional 685,462 shares in the last quarter. Quantbot Technologies LP raised its stake in Gibraltar Industries by 49.6% during the third quarter. Quantbot Technologies LP now owns 19,210 shares of the construction company's stock valued at $1,343,000 after buying an additional 6,368 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Gibraltar Industries by 25.5% during the third quarter. Glenmede Trust Co. NA now owns 3,832 shares of the construction company's stock valued at $268,000 after buying an additional 778 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

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 Up 0.6 %

Shares of NASDAQ ROCK traded up $0.36 during midday trading on Wednesday, hitting $58.40. The stock had a trading volume of 144,004 shares, compared to its average volume of 201,116. The company has a market cap of $1.73 billion, a P/E ratio of 13.06 and a beta of 1.20. The business's 50 day moving average is $62.65 and its 200-day moving average is $65.50. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. During the same period last year, the business posted $0.85 EPS. The company's revenue was down 8.1% compared to the same quarter last year. As a group, analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal 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.