Park Avenue Securities LLC Has $223,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Park Avenue Securities LLC trimmed its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 23.9% in the third quarter, HoldingsChannel reports. The firm owned 3,193 shares of the construction company’s stock after selling 1,005 shares during the period. Park Avenue Securities LLC’s holdings in Gibraltar Industries were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Gibraltar Industries in the second quarter worth about $39,000. nVerses Capital LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth approximately $55,000. Quarry LP grew its position in shares of 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 acquiring an additional 802 shares during the period. Point72 DIFC Ltd increased its position in Gibraltar Industries by 92.1% during the second quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after buying an additional 637 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Gibraltar Industries by 9,273.9% in the 1st quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock valued at $173,000 after acquiring an additional 2,133 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Gibraltar Industries Stock Up 1.7 %

ROCK stock opened at $68.27 on Tuesday. The company has a market cap of $2.08 billion, a PE ratio of 18.35 and a beta of 1.14. Gibraltar Industries, Inc. has a 52 week low of $59.66 and a 52 week high of $87.40. The business has a 50-day simple moving average of $68.08 and a 200 day simple moving average of $71.26.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 EPS. On average, analysts anticipate that Gibraltar Industries, Inc. will post 4.6 EPS for the current fiscal year.

About Gibraltar Industries

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.