New York State Teachers Retirement System Decreases Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

New York State Teachers Retirement System lowered its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,864 shares of the construction company’s stock after selling 500 shares during the period. New York State Teachers Retirement System owned about 0.17% of Gibraltar Industries worth $3,557,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ROCK. Arizona State Retirement System lifted its position in Gibraltar Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock valued at $584,000 after acquiring an additional 158 shares in the last quarter. GAMMA Investing LLC grew its holdings in Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 170 shares during the period. Louisiana State Employees Retirement System increased its holdings in Gibraltar Industries by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after acquiring an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of 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 valued at $965,000 after purchasing an additional 211 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of Gibraltar Industries by 10.6% in the second quarter. Evergreen Capital Management LLC now owns 3,559 shares of the construction company’s stock valued at $244,000 after acquiring an additional 340 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $73.11 on Thursday. Gibraltar Industries, Inc. has a 52-week low of $61.92 and a 52-week high of $87.40. The firm has a market capitalization of $2.22 billion, a P/E ratio of 20.31 and a beta of 1.14. The stock has a 50 day moving average price of $68.37 and a 200 day moving average price of $70.22.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data 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 company had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd.

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.