Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.5% in the third quarter, HoldingsChannel.com reports. The fund owned 4,585 shares of the construction company’s stock after selling 424 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gibraltar Industries were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROCK. Farther Finance Advisors LLC boosted its stake in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after acquiring an additional 277 shares during the period. Innealta Capital LLC acquired a new position in Gibraltar Industries in the second quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake 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 acquiring an additional 170 shares during the period. nVerses Capital LLC acquired a new position in Gibraltar Industries in the second quarter valued at approximately $55,000. Finally, Quarry LP boosted its stake in Gibraltar Industries by 428.9% in the second 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. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Trading Down 0.5 %

Shares of NASDAQ ROCK opened at $71.85 on Friday. The stock has a 50 day simple moving average of $69.59 and a 200-day simple moving average of $70.16. The company has a market cap of $2.18 billion, a PE ratio of 19.96 and a beta of 1.14. Gibraltar Industries, Inc. has a 12-month low of $61.92 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.