Prudential Financial Inc. decreased its holdings in Gibraltar Industries Inc (NASDAQ:ROCK) by 66.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 58,594 shares of the construction company’s stock after selling 114,679 shares during the quarter. Prudential Financial Inc.’s holdings in Gibraltar Industries were worth $2,672,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Gibraltar Industries by 93.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the construction company’s stock worth $109,000 after buying an additional 1,400 shares in the last quarter. Sawtooth Solutions LLC bought a new position in Gibraltar Industries in the third quarter worth approximately $208,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Gibraltar Industries in the second quarter worth approximately $252,000. O Shaughnessy Asset Management LLC bought a new position in Gibraltar Industries in the third quarter worth approximately $275,000. Finally, Stone Ridge Asset Management LLC raised its stake in Gibraltar Industries by 26.9% in the third quarter. Stone Ridge Asset Management LLC now owns 7,426 shares of the construction company’s stock worth $339,000 after buying an additional 1,574 shares in the last quarter.

ROCK has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. ValuEngine downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Finally, BidaskClub raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 22nd.

Shares of ROCK stock opened at $33.93 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 19.84 and a beta of 1.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.27 and a current ratio of 2.78. Gibraltar Industries Inc has a 12-month low of $30.05 and a 12-month high of $49.10.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $280.10 million for the quarter, compared to the consensus estimate of $287.93 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, analysts predict that Gibraltar Industries Inc will post 2.07 earnings per share for the current year.

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Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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