Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 30.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 492 shares of the construction company’s stock after selling 213 shares during the period. GAMMA Investing LLC’s holdings in Gibraltar Industries were worth $40,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROCK. Covestor Ltd lifted its stake in shares of Gibraltar Industries by 13,540.0% in the third quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after purchasing an additional 677 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Gibraltar Industries by 26.3% in the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after purchasing an additional 139 shares during the period. TFO Wealth Partners LLC lifted its stake in shares of Gibraltar Industries by 243,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,434 shares of the construction company’s stock valued at $192,000 after purchasing an additional 2,433 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of Gibraltar Industries in the fourth quarter valued at about $203,000. Finally, HighPoint Advisor Group LLC purchased a new position in Gibraltar Industries during the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

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

Gibraltar Industries Trading Down 2.5 %

NASDAQ:ROCK opened at $68.11 on Wednesday. The firm has a 50-day moving average price of $72.11 and a two-hundred day moving average price of $76.61. Gibraltar Industries, Inc. has a twelve month low of $58.05 and a twelve month high of $87.40. The company has a market capitalization of $2.08 billion, a P/E ratio of 18.31 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The firm had revenue of $292.51 million during the quarter, compared to the consensus estimate of $296.29 million. During the same period last year, the firm posted $0.70 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts predict that Gibraltar Industries, Inc. will post 4.79 earnings per share for the current year.

Gibraltar Industries 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.