Blue Trust Inc. Sells 4,779 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Blue Trust Inc. decreased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 86.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 768 shares of the construction company’s stock after selling 4,779 shares during the period. Blue Trust Inc.’s holdings in Gibraltar Industries were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Trading Down 0.8 %

Shares of ROCK opened at $67.49 on Friday. The firm has a fifty day moving average price of $68.41 and a 200-day moving average price of $70.33. The firm has a market capitalization of $2.06 billion, a P/E ratio of 17.90 and a beta of 1.14. Gibraltar Industries, Inc. has a 12-month low of $59.95 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. Analysts predict that Gibraltar Industries, Inc. will post 4.18 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.