Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,020 shares of the construction company’s stock after selling 336 shares during the quarter. Natixis Advisors LLC’s holdings in Gibraltar Industries were worth $1,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position 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 stake in shares of Gibraltar Industries in the second quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in shares of 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 stake in shares of Gibraltar Industries during the second quarter worth about $55,000. Finally, Quarry LP grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Price Performance

Gibraltar Industries stock opened at $72.18 on Wednesday. The stock’s 50 day moving average price is $69.57 and its 200 day moving average price is $70.17. The company has a market cap of $2.19 billion, a PE ratio of 20.05 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) last announced its quarterly 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. The business had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 EPS. On average, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.