XTX Topco Ltd Makes New Investment in Gibraltar Industries, Inc. (NASDAQ:ROCK)

XTX Topco Ltd acquired a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,636 shares of the construction company's stock, valued at approximately $534,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its position in 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 buying an additional 158 shares during the period. GAMMA Investing LLC grew its position in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock valued at $51,000 after acquiring an additional 170 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Gibraltar Industries by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company's stock valued at $1,049,000 after acquiring an additional 200 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Gibraltar Industries by 1.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company's stock valued at $965,000 after purchasing an additional 211 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Gibraltar Industries by 271.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Price Performance

NASDAQ ROCK traded down $1.30 on Friday, hitting $66.98. The company had a trading volume of 180,115 shares, compared to its average volume of 174,175. The company has a market capitalization of $2.03 billion, a PE ratio of 18.61 and a beta of 1.15. Gibraltar Industries, Inc. has a 12-month low of $61.92 and a 12-month high of $87.40. The company's fifty day moving average price is $69.58 and its 200-day moving average price is $69.92.

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 for the quarter, topping the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.