Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 31.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,641 shares of the construction company’s stock after selling 7,652 shares during the quarter. Jump Financial LLC owned about 0.05% of Gibraltar Industries worth $980,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in Gibraltar Industries by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company’s stock worth $200,000 after acquiring an additional 228 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Gibraltar Industries by 1.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company’s stock valued at $994,000 after buying an additional 237 shares during the period. Keybank National Association OH grew its stake in Gibraltar Industries by 5.0% during the fourth quarter. Keybank National Association OH now owns 7,148 shares of the construction company’s stock worth $421,000 after buying an additional 343 shares during the period. HighTower Advisors LLC raised its stake 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 valued at $245,000 after acquiring an additional 366 shares during the period. Finally, Swiss National Bank boosted its position in Gibraltar Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 59,900 shares of the construction company’s stock worth $3,528,000 after purchasing an additional 400 shares during the period. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 3.1 %

ROCK opened at $50.20 on Tuesday. The firm’s 50 day moving average is $60.26 and its 200-day moving average is $63.59. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90. The firm has a market capitalization of $1.49 billion, a P/E ratio of 11.23 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) 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 the consensus estimate of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.