Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 37.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,188 shares of the construction company's stock after selling 127,800 shares during the period. Point72 Asset Management L.P. owned about 0.69% of Gibraltar Industries worth $14,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Gibraltar Industries by 271.6% during the 3rd 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 bought a new position in shares of Gibraltar Industries during the second quarter valued at approximately $39,000. GAMMA Investing LLC increased 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 valued at $51,000 after buying an additional 170 shares during the period. nVerses Capital LLC bought a new position in Gibraltar Industries in the second quarter worth approximately $55,000. Finally, Quarry LP lifted its holdings 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 period. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Price Performance

Gibraltar Industries stock traded down $0.04 during trading hours on Friday, reaching $70.62. The stock had a trading volume of 89,751 shares, compared to its average volume of 154,271. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 19.62 and a beta of 1.15. The business's 50 day moving average price is $69.76 and its 200-day moving average price is $70.07. Gibraltar Industries, Inc. has a 52 week low of $61.92 and a 52 week high of $87.40.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday.

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.