Semanteon Capital Management LP Takes Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Semanteon Capital Management LP purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,744 shares of the construction company’s stock, valued at approximately $891,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries in the second quarter valued at about $39,000. GAMMA Investing LLC increased its stake in shares of Gibraltar Industries by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter valued at about $55,000. Quarry LP raised its stake in Gibraltar Industries by 428.9% during the second quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after purchasing an additional 802 shares during the period. Finally, Point72 DIFC Ltd boosted its holdings in Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock valued at $91,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 1.3 %

Gibraltar Industries stock traded up $0.86 during mid-day trading on Monday, reaching $66.19. 2,627 shares of the company’s stock were exchanged, compared to its average volume of 174,504. Gibraltar Industries, Inc. has a twelve month low of $59.95 and a twelve month high of $87.40. The company has a market cap of $2.02 billion, a P/E ratio of 17.33 and a beta of 1.14. The company has a fifty day moving average of $68.36 and a 200-day moving average of $70.50.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. During the same period in the previous year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.