Silvercrest Asset Management Group LLC Trims Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Silvercrest Asset Management Group LLC decreased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Rating) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,265,620 shares of the construction company's stock after selling 46,242 shares during the quarter. Silvercrest Asset Management Group LLC owned about 4.09% of Gibraltar Industries worth $58,067,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROCK. Public Employees Retirement System of Ohio grew its position in shares of Gibraltar Industries by 12.4% in the third quarter. Public Employees Retirement System of Ohio now owns 2,035 shares of the construction company's stock valued at $83,000 after purchasing an additional 224 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Gibraltar Industries by 14.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,182 shares of the construction company's stock valued at $100,000 after buying an additional 273 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Gibraltar Industries by 0.9% during the first quarter. Gabelli Funds LLC now owns 30,418 shares of the construction company's stock valued at $1,306,000 after purchasing an additional 276 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Gibraltar Industries by 2.5% during the first quarter. Sei Investments Co. now owns 11,473 shares of the construction company's stock valued at $493,000 after purchasing an additional 280 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Gibraltar Industries by 2.0% during the third quarter. Boston Partners now owns 14,178 shares of the construction company's stock valued at $580,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 98.18% of the company's stock.

A number of equities research analysts have weighed in on ROCK shares. StockNews.com started coverage on Gibraltar Industries in a research report on Thursday, May 18th. They issued a "buy" rating for the company. TheStreet upgraded Gibraltar Industries from a "c+" rating to a "b-" rating in a research report on Thursday, February 16th.

In other news, Director James B. Nish sold 4,963 shares of Gibraltar Industries stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $56.69, for a total transaction of $281,352.47. Following the transaction, the director now directly owns 11,976 shares of the company's stock, valued at $678,919.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Shares of NASDAQ ROCK traded down $1.05 during mid-day trading on Friday, hitting $58.86. The company had a trading volume of 42,309 shares, compared to its average volume of 155,666. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.79 and a quick ratio of 1.07. The business's 50-day simple moving average is $52.24 and its 200-day simple moving average is $50.89. Gibraltar Industries, Inc. has a 12 month low of $36.58 and a 12 month high of $60.54. The firm has a market cap of $1.79 billion, a P/E ratio of 21.63 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK - Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. The firm had revenue of $293.27 million during the quarter, compared to analyst estimates of $298.90 million. Gibraltar Industries had a net margin of 6.45% and a return on equity of 13.43%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, analysts predict that Gibraltar Industries, Inc. will post 3.56 earnings per share for the current fiscal year.

Gibraltar Industries, Inc engages in the manufacture and provision of products and services for the renewable energy, residential, and infrastructure markets. It operates through the following segments: Residential, Infrastructure, Renewable and Agtech. The Residential segment includes roof and foundation ventilation products, rain dispersion products and roofing accessories, centralized mail systems, and electronic package solutions.

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