Kennedy Capital Management LLC Cuts Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Kennedy Capital Management LLC lowered its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 146,260 shares of the construction company’s stock after selling 1,049 shares during the period. Kennedy Capital Management LLC’s holdings in Gibraltar Industries were worth $8,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROCK. Captrust Financial Advisors boosted its stake in shares of Gibraltar Industries by 48.7% during the 3rd quarter. Captrust Financial Advisors now owns 6,091 shares of the construction company’s stock valued at $426,000 after buying an additional 1,995 shares during the last quarter. Verition Fund Management LLC boosted its stake in Gibraltar Industries by 35.2% during the 3rd quarter. Verition Fund Management LLC now owns 6,369 shares of the construction company’s stock valued at $445,000 after acquiring an additional 1,657 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Gibraltar Industries by 11.9% in the 3rd quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company’s stock worth $245,000 after purchasing an additional 366 shares during the last quarter. State Street Corp raised its stake in shares of Gibraltar Industries by 4.6% in 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 in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Gibraltar Industries by 50.6% during the third quarter. Jane Street Group LLC now owns 53,397 shares of the construction company’s stock worth $3,734,000 after purchasing an additional 17,938 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

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 Trading Down 5.2 %

NASDAQ:ROCK opened at $53.49 on Friday. The stock has a 50 day moving average of $61.28 and a 200-day moving average of $64.50. The firm has a market capitalization of $1.59 billion, a PE ratio of 11.97 and a beta of 1.22. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its 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. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS 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.