Everence Capital Management Inc. Sells 2,180 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Everence Capital Management Inc. cut its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 37.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the construction company’s stock after selling 2,180 shares during the quarter. Everence Capital Management Inc.’s holdings in Gibraltar Industries were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ROCK. Farther Finance Advisors LLC grew its position in shares of Gibraltar Industries by 271.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after acquiring an additional 277 shares during the period. GAMMA Investing LLC grew its holdings in Gibraltar Industries by 30.6% during 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 period. Quarry LP increased its position 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 buying an additional 802 shares during the last quarter. Point72 DIFC Ltd increased its position in Gibraltar Industries by 92.1% during 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 last quarter. Finally, nVerses Capital LLC lifted its position in shares of Gibraltar Industries by 62.5% in the third quarter. nVerses Capital LLC now owns 1,300 shares of the construction company’s stock valued at $91,000 after buying an additional 500 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 31st.

Gibraltar Industries Stock Performance

NASDAQ ROCK opened at $59.01 on Thursday. The stock has a market cap of $1.79 billion, a PE ratio of 16.39 and a beta of 1.19. The firm has a 50-day moving average of $66.99 and a 200-day moving average of $68.51. Gibraltar Industries, Inc. has a 52-week low of $57.34 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating 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 company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $360.43 million. During the same period in the previous year, the company earned $1.38 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

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.