Farther Finance Advisors LLC Grows Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Farther Finance Advisors LLC increased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 271.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 379 shares of the construction company’s stock after buying an additional 277 shares during the quarter. Farther Finance Advisors LLC’s holdings in Gibraltar Industries were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of Gibraltar Industries in the 2nd quarter worth about $39,000. GAMMA Investing LLC raised its holdings 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 purchasing an additional 170 shares during the period. nVerses Capital LLC purchased a new position in shares of Gibraltar Industries in the 2nd quarter worth about $55,000. Quarry LP raised its holdings in shares of 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 period. Finally, Point72 DIFC Ltd raised its holdings in shares of Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after purchasing an additional 637 shares during the period. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

ROCK stock opened at $70.66 on Friday. Gibraltar Industries, Inc. has a 1 year low of $61.92 and a 1 year high of $87.40. The firm has a market cap of $2.14 billion, a P/E ratio of 19.63 and a beta of 1.14. The stock has a 50-day simple moving average of $69.19 and a 200-day simple moving average of $70.27.

Gibraltar Industries (NASDAQ:ROCK) last issued 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. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. During the same quarter last year, the firm earned $1.38 EPS. Gibraltar Industries’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities research analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

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

About Gibraltar Industries

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.