Teton Advisors Inc. Sells 10,000 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Teton Advisors Inc. cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the construction company’s stock after selling 10,000 shares during the quarter. Gibraltar Industries accounts for about 1.9% of Teton Advisors Inc.’s portfolio, making the stock its 10th largest position. Teton Advisors Inc. owned about 0.25% of Gibraltar Industries worth $5,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ROCK. Millburn Ridgefield Corp acquired a new stake in shares of Gibraltar Industries during the third quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Gibraltar Industries during the 3rd quarter worth approximately $28,000. Quadrant Capital Group LLC grew its holdings in Gibraltar Industries by 26.3% during the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after acquiring an additional 139 shares during the last quarter. Covestor Ltd increased its position in Gibraltar Industries by 13,540.0% in the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after acquiring an additional 677 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Gibraltar Industries during the fourth quarter worth $57,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

Shares of ROCK stock traded up $0.66 on Monday, hitting $72.92. The company had a trading volume of 116,342 shares, compared to its average volume of 172,798. Gibraltar Industries, Inc. has a twelve month low of $48.76 and a twelve month high of $87.40. The firm has a market cap of $2.22 billion, a P/E ratio of 20.31 and a beta of 1.17. The stock’s 50-day moving average is $76.25 and its two-hundred day moving average is $74.79.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $328.80 million for the quarter, compared to analyst estimates of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. Equities research analysts predict that Gibraltar Industries, Inc. will post 4.73 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday.

Gibraltar Industries Company 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.