Amalgamated Bank Trims Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Amalgamated Bank lessened its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,978 shares of the construction company’s stock after selling 336 shares during the quarter. Amalgamated Bank’s holdings in Gibraltar Industries were worth $628,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of Gibraltar Industries by 271.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after buying an additional 277 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries during the second quarter valued at 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 acquiring an additional 170 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Gibraltar Industries during the second quarter valued at about $55,000. Finally, 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 acquiring an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $70.66 on Friday. The company’s 50-day simple moving average is $69.19 and its 200-day simple moving average is $70.27. Gibraltar Industries, Inc. has a one year low of $61.92 and a one year high of $87.40. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.63 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) 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 firm had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.43 million. During the same quarter last year, the company posted $1.38 earnings per share. Gibraltar Industries’s revenue was down 7.6% on a year-over-year basis. As a group, research analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

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.