Raymond James & Associates trimmed its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,979 shares of the construction company’s stock after selling 7,407 shares during the quarter. Raymond James & Associates owned 0.13% of Gibraltar Industries worth $2,796,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Gibraltar Industries during the 2nd quarter worth approximately $39,000. GAMMA Investing LLC grew its holdings in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares during the last quarter. nVerses Capital LLC bought a new stake in Gibraltar Industries during the 2nd quarter worth approximately $55,000. Quarry LP grew its holdings in Gibraltar Industries by 428.9% during the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after acquiring an additional 802 shares during the last quarter. Finally, Point72 DIFC Ltd grew its holdings in Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after acquiring an additional 637 shares during the last quarter. 98.39% of the stock is owned by institutional investors.
Gibraltar Industries Stock Performance
NASDAQ:ROCK opened at $67.41 on Tuesday. The firm’s fifty day moving average is $68.37 and its 200-day moving average is $70.26. Gibraltar Industries, Inc. has a 52 week low of $61.92 and a 52 week high of $87.40. The firm has a market cap of $2.05 billion, a P/E ratio of 18.73 and a beta of 1.14.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.
View Our Latest Stock Report on ROCK
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.
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