Truist Financial Corp Sells 14,717 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Truist Financial Corp decreased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 37.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,282 shares of the construction company's stock after selling 14,717 shares during the period. Truist Financial Corp owned 0.08% of Gibraltar Industries worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ROCK. FMR LLC boosted its holdings in Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company's stock worth $50,816,000 after buying an additional 685,462 shares during the period. Victory Capital Management Inc. raised its stake in shares of Gibraltar Industries by 27.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company's stock valued at $103,613,000 after purchasing an additional 322,422 shares during the period. State Street Corp raised 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 purchasing an additional 56,008 shares during the period. Barclays PLC lifted its holdings in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after purchasing an additional 50,017 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock worth $58,676,000 after purchasing an additional 32,950 shares during the period. Institutional investors own 98.39% of the company's stock.

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Analyst Upgrades and Downgrades

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

Gibraltar Industries Stock Performance

Gibraltar Industries stock traded down $1.12 during midday trading on Monday, reaching $64.60. 245,634 shares of the stock were exchanged, compared to its average volume of 224,874. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90. The firm has a market cap of $1.96 billion, a PE ratio of 14.44 and a beta of 1.20. The company's fifty day moving average is $60.94 and its 200-day moving average is $66.01.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $302.06 million for the quarter, compared to analysts' expectations of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The business's quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

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.