CANADA LIFE ASSURANCE Co Sells 452 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

CANADA LIFE ASSURANCE Co decreased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 34,352 shares of the construction company’s stock after selling 452 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Gibraltar Industries were worth $2,022,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in shares of Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock worth $31,000 after purchasing an additional 458 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock valued at $42,000 after purchasing an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Gibraltar Industries in the fourth quarter valued at $53,000. KBC Group NV grew its position in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after purchasing an additional 480 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Gibraltar Industries in the fourth quarter valued at $117,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Price Performance

Shares of ROCK opened at $53.17 on Monday. The firm has a 50-day moving average of $59.74 and a 200-day moving average of $63.07. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90. The company has a market cap of $1.58 billion, a PE ratio of 11.89 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

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.