Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 50.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,530 shares of the construction company’s stock after selling 7,724 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Gibraltar Industries were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased 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 valued at $27,000 after purchasing an additional 277 shares during the last quarter. Innealta Capital LLC purchased a new position in Gibraltar Industries in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC boosted its position in Gibraltar Industries by 30.6% in the 3rd 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 purchased a new position in Gibraltar Industries in the 2nd quarter valued at approximately $55,000. Finally, Quarry LP boosted its position in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Stock Down 1.9 %

Shares of ROCK stock opened at $70.66 on Friday. Gibraltar Industries, Inc. has a 52 week low of $61.92 and a 52 week high of $87.40. The stock has a market capitalization of $2.14 billion, a PE ratio of 19.63 and a beta of 1.14. The firm has a 50 day moving average of $69.19 and a two-hundred day moving average of $70.26.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million during the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. Analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

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.