Quantbot Technologies LP Purchases 6,368 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Quantbot Technologies LP raised its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 49.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,210 shares of the construction company’s stock after buying an additional 6,368 shares during the quarter. Quantbot Technologies LP’s holdings in Gibraltar Industries were worth $1,343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after acquiring an additional 685,462 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Gibraltar Industries by 27.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after purchasing an additional 322,422 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Gibraltar Industries by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock worth $74,320,000 after buying an additional 138,194 shares in the last quarter. Millennium Management LLC lifted its position in shares of Gibraltar Industries by 196.4% during the 2nd quarter. Millennium Management LLC now owns 123,438 shares of the construction company’s stock worth $8,462,000 after buying an additional 81,791 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Gibraltar Industries by 14.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock valued at $45,318,000 after buying an additional 81,401 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Price Performance

Shares of NASDAQ:ROCK opened at $72.44 on Friday. Gibraltar Industries, Inc. has a one year low of $61.92 and a one year high of $87.40. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 20.12 and a beta of 1.14. The firm has a 50 day simple moving average of $69.57 and a 200 day simple moving average of $70.16.

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