Quest Partners LLC Cuts Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Quest Partners LLC trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 47.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,529 shares of the construction company's stock after selling 10,242 shares during the period. Quest Partners LLC's holdings in Gibraltar Industries were worth $806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Gibraltar Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company's stock valued at $584,000 after acquiring an additional 158 shares during the last quarter. GAMMA Investing LLC raised its stake in Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock worth $51,000 after buying an additional 170 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Gibraltar Industries by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company's stock worth $1,049,000 after buying an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company's stock worth $965,000 after buying an additional 211 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after buying an additional 277 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd.

Gibraltar Industries Price Performance

ROCK stock traded up $1.31 during trading on Friday, reaching $71.03. The company had a trading volume of 311,221 shares, compared to its average volume of 176,257. Gibraltar Industries, Inc. has a 52 week low of $61.92 and a 52 week high of $87.40. The company has a market cap of $2.16 billion, a P/E ratio of 19.73 and a beta of 1.14. The business has a 50 day moving average of $69.49 and a 200 day moving average of $70.21.

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. The company had revenue of $361.20 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.38 earnings per share. Research analysts expect that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Gibraltar Industries Profile

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.