Gabelli Funds LLC Reduces Holdings in Gibraltar Industries Inc (ROCK)
Gabelli Funds LLC lessened its stake in Gibraltar Industries Inc (NASDAQ:ROCK) by 16.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 52,800 shares of the construction company’s stock after selling 10,600 shares during the quarter. Gabelli Funds LLC’s holdings in Gibraltar Industries were worth $2,144,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in ROCK. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Gibraltar Industries by 11.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,681,443 shares of the construction company’s stock valued at $59,842,000 after buying an additional 170,388 shares during the last quarter. First Hawaiian Bank grew its stake in Gibraltar Industries by 18.4% in the 4th quarter. First Hawaiian Bank now owns 13,546 shares of the construction company’s stock valued at $482,000 after buying an additional 2,103 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Gibraltar Industries by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 401,033 shares of the construction company’s stock valued at $18,288,000 after buying an additional 11,404 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in Gibraltar Industries by 6.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 57,089 shares of the construction company’s stock valued at $2,032,000 after buying an additional 3,655 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in Gibraltar Industries by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 1,838,349 shares of the construction company’s stock valued at $83,829,000 after buying an additional 20,899 shares during the last quarter.
A number of research analysts recently issued reports on ROCK shares. BidaskClub upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Friday, May 3rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $227.40 million for the quarter, compared to the consensus estimate of $221.73 million. Gibraltar Industries had a return on equity of 12.04% and a net margin of 6.09%. Gibraltar Industries’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. On average, equities research analysts expect that Gibraltar Industries Inc will post 2.47 EPS for the current year.
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Gibraltar Industries Profile
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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