Van ECK Associates Corp Sells 9,359 Shares of Gibraltar Industries Inc (ROCK)

Van ECK Associates Corp cut its position in Gibraltar Industries Inc (NASDAQ:ROCK) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,945 shares of the construction company’s stock after selling 9,359 shares during the quarter. Van ECK Associates Corp owned about 0.07% of Gibraltar Industries worth $781,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Laurion Capital Management LP acquired a new position in shares of Gibraltar Industries in the 3rd quarter worth approximately $201,000. Ibex Investors LLC acquired a new position in shares of Gibraltar Industries in the 3rd quarter worth approximately $201,000. Amalgamated Bank acquired a new position in shares of Gibraltar Industries in the 3rd quarter worth approximately $211,000. PNC Financial Services Group Inc. grew its stake in shares of Gibraltar Industries by 99.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,849 shares of the construction company’s stock worth $173,000 after purchasing an additional 2,418 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Gibraltar Industries in the 3rd quarter worth approximately $227,000.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Gibraltar Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 22nd. Zacks Investment Research cut shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. ValuEngine raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Sidoti assumed coverage on shares of Gibraltar Industries in a research note on Tuesday, January 8th. They issued a “neutral” rating and a $40.00 price objective on the stock.

Shares of ROCK opened at $39.55 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of 18.48 and a beta of 1.53. Gibraltar Industries Inc has a 12-month low of $31.96 and a 12-month high of $49.10.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, February 21st. The construction company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $240.91 million for the quarter, compared to the consensus estimate of $244.45 million. Gibraltar Industries had a net margin of 6.37% and a return on equity of 12.23%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Research analysts expect that Gibraltar Industries Inc will post 2.52 earnings per share for the current fiscal year.

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About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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