20,968 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,968 shares of the construction company's stock, valued at approximately $1,466,000. Edgestream Partners L.P. owned approximately 0.07% of Gibraltar Industries at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Gibraltar Industries during the 2nd quarter valued at $404,000. AlphaMark Advisors LLC increased its stake in shares of Gibraltar Industries by 4,456.0% during the second quarter. AlphaMark Advisors LLC now owns 4,556 shares of the construction company's stock worth $312,000 after buying an additional 4,456 shares during the period. Swedbank AB grew its holdings in Gibraltar Industries by 34.1% in the 2nd quarter. Swedbank AB now owns 283,251 shares of the construction company's stock valued at $19,417,000 after buying an additional 71,951 shares during the period. Blue Trust Inc. grew its stake in shares of Gibraltar Industries by 184,800.0% in the second quarter. Blue Trust Inc. now owns 5,547 shares of the construction company's stock worth $380,000 after purchasing an additional 5,544 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Gibraltar Industries by 12.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,594 shares of the construction company's stock worth $932,000 after acquiring an additional 1,495 shares during the period. 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.

Gibraltar Industries Stock Up 0.4 %

Shares of Gibraltar Industries stock traded up $0.32 during trading on Wednesday, reaching $72.01. 168,717 shares of the company were exchanged, compared to its average volume of 175,560. The business has a 50-day moving average price of $69.65 and a 200-day moving average price of $70.07. Gibraltar Industries, Inc. has a twelve month low of $61.92 and a twelve month high of $87.40. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.91 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly 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 company had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same period in the prior year, the firm earned $1.38 earnings per share. Gibraltar Industries's revenue was down 7.6% on a year-over-year basis. On average, equities research analysts forecast 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.