Natixis Advisors LLC Decreases Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Natixis Advisors LLC decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,020 shares of the construction company’s stock after selling 336 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Gibraltar Industries worth $1,190,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after purchasing an additional 277 shares during the period. Innealta Capital LLC purchased a new stake in shares of Gibraltar Industries during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 170 shares during the last quarter. nVerses Capital LLC acquired a new position in Gibraltar Industries in the second quarter valued at approximately $55,000. Finally, Quarry LP grew its position in Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after acquiring an additional 802 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Down 2.2 %

NASDAQ:ROCK opened at $72.18 on Wednesday. Gibraltar Industries, Inc. has a 52 week low of $61.92 and a 52 week high of $87.40. The stock’s fifty day moving average is $69.57 and its two-hundred day moving average is $70.17. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.05 and a beta of 1.14.

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

Analyst Ratings Changes

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