State of Alaska Department of Revenue Has $1.22 Million Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

State of Alaska Department of Revenue lowered its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,418 shares of the construction company’s stock after selling 472 shares during the quarter. State of Alaska Department of Revenue’s holdings in Gibraltar Industries were worth $1,218,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Gibraltar Industries during the 2nd quarter worth about $39,000. GAMMA Investing LLC grew its stake in shares of Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 170 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Gibraltar Industries during the second quarter valued at approximately $55,000. Quarry LP raised its position in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after purchasing an additional 802 shares during the last quarter. Finally, Point72 DIFC Ltd lifted its holdings in Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after buying an additional 637 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Trading Down 0.8 %

Shares of NASDAQ:ROCK opened at $66.95 on Monday. Gibraltar Industries, Inc. has a 1-year low of $61.92 and a 1-year high of $87.40. The stock has a market capitalization of $2.03 billion, a P/E ratio of 18.60 and a beta of 1.14. The business has a 50-day moving average price of $68.37 and a two-hundred day moving average price of $70.27.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same period in the previous year, the firm posted $1.38 earnings per share. Gibraltar Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd.

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.