Gibraltar Industries, Inc. (NASDAQ:ROCK) Position Raised by Martingale Asset Management L P

Martingale Asset Management L P increased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,250 shares of the construction company’s stock after purchasing an additional 400 shares during the period. Martingale Asset Management L P owned 0.15% of Gibraltar Industries worth $3,164,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after buying an additional 277 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Gibraltar Industries in the second quarter valued at $39,000. GAMMA Investing LLC increased its holdings in shares of Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after buying an additional 170 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Gibraltar Industries in the second quarter valued at $55,000. Finally, Quarry LP increased its holdings in shares of Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after buying an additional 802 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

NASDAQ ROCK opened at $72.44 on Friday. Gibraltar Industries, Inc. has a twelve month low of $61.92 and a twelve month high of $87.40. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 19.94 and a beta of 1.14. The firm’s 50 day moving average price is $69.55 and its two-hundred day moving average price is $70.17.

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

Analyst Ratings Changes

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report 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.