Mutual of America Capital Management LLC Cuts Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Mutual of America Capital Management LLC cut its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,585 shares of the construction company’s stock after selling 424 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gibraltar Industries were worth $321,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ROCK. Farther Finance Advisors LLC raised its position in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after purchasing an additional 277 shares during the period. Innealta Capital LLC purchased a new position in Gibraltar Industries in the second quarter valued at about $39,000. GAMMA Investing LLC raised its position 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 purchasing an additional 170 shares during the period. nVerses Capital LLC purchased a new position in Gibraltar Industries in the second quarter valued at about $55,000. Finally, Quarry LP raised its position in Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after purchasing an additional 802 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $71.85 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 $2.18 billion, a price-to-earnings ratio of 19.96 and a beta of 1.14. The stock’s 50-day simple moving average is $69.59 and its 200-day simple moving average is $70.16.

Gibraltar Industries (NASDAQ:ROCK) last announced 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 return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. During the same period in the previous year, the company earned $1.38 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, research analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Wall Street Analysts Forecast Growth

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