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Principal Financial Group Inc. Sells 3,111 Shares of Gibraltar Industries,



Principal Financial Group Inc. reduced its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCKFree Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 166,056 shares of the construction company’s stock after selling 3,111 shares during the quarter. Principal Financial Group Inc. owned approximately 0.55% of Gibraltar Industries worth $13,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ROCK. Catalyst Capital Advisors LLC acquired a new stake in shares of Gibraltar Industries in the third quarter valued at approximately $28,000. Covestor Ltd raised its holdings 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 in the last quarter. GAMMA Investing LLC bought a new stake in shares of Gibraltar Industries during the 4th quarter valued at $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Gibraltar Industries during the 3rd quarter worth $284,000. Finally, AlphaMark Advisors LLC increased its position in shares of Gibraltar Industries by 2,421.3% in the fourth quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock worth $299,000 after purchasing an additional 3,632 shares during the period. Institutional investors own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, April 29th.

Read Our Latest Stock Analysis on Gibraltar Industries

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock opened at $73.48 on Friday. The company’s 50 day moving average price is $74.99 and its two-hundred day moving average price is $76.04. The firm has a market capitalization of $2.24 billion, a P/E ratio of 19.75 and a beta of 1.20. Gibraltar Industries, Inc. has a fifty-two week low of $51.36 and a fifty-two week high of $87.40.

Gibraltar Industries (NASDAQ:ROCKGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $292.51 million for the quarter, compared to analyst estimates of $296.29 million. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. Gibraltar Industries’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, analysts expect that Gibraltar Industries, Inc. will post 4.79 earnings per share for the…

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