Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 858 shares of the construction company’s stock after selling 183 shares during the period. Nisa Investment Advisors LLC’s holdings in Gibraltar Industries were worth $60,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in shares of Gibraltar Industries in the 1st quarter worth $909,000. Texas Permanent School Fund Corp increased its position in shares of Gibraltar Industries by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after acquiring an additional 345 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Gibraltar Industries by 3.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 17,787 shares of the construction company’s stock valued at $1,432,000 after acquiring an additional 548 shares during the period. Anchor Capital Advisors LLC lifted its holdings in shares of Gibraltar Industries by 2.1% during the 1st quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock valued at $1,436,000 after acquiring an additional 364 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Gibraltar Industries by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,162 shares of the construction company’s stock worth $496,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Down 1.2 %

Shares of NASDAQ:ROCK opened at $72.25 on Friday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.07 and a beta of 1.14. The company has a 50 day moving average of $68.55 and a two-hundred day moving average of $70.26. Gibraltar Industries, Inc. has a 52-week low of $61.92 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. During the same period last year, the business earned $1.38 EPS. The business’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.