Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Swedbank AB

Swedbank AB reduced its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,076 shares of the construction company's stock after selling 16,175 shares during the period. Swedbank AB owned approximately 0.88% of Gibraltar Industries worth $18,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted 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 worth $27,000 after acquiring an additional 277 shares during the period. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries during the second quarter worth about $39,000. GAMMA Investing LLC boosted 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 buying an additional 170 shares during the last quarter. nVerses Capital LLC acquired a new position in Gibraltar Industries in the 2nd quarter worth approximately $55,000. Finally, Quarry LP raised its position in Gibraltar Industries by 428.9% during the 2nd quarter. Quarry LP now owns 989 shares of the construction company's stock worth $68,000 after buying an additional 802 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Trading Down 0.5 %

ROCK traded down $0.33 during midday trading on Wednesday, hitting $71.85. 106,434 shares of the company were exchanged, compared to its average volume of 176,382. The company's 50 day simple moving average is $69.59 and its 200 day simple moving average is $70.15. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 20.09 and a beta of 1.14. Gibraltar Industries, Inc. has a 1-year low of $61.92 and a 1-year high of $87.40.

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

Gibraltar Industries Company 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.