Maven Securities LTD Trims Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Maven Securities LTD lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 58.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,250 shares of the construction company's stock after selling 7,250 shares during the period. Maven Securities LTD's holdings in Gibraltar Industries were worth $367,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its stake in shares of Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company's stock worth $50,816,000 after buying an additional 685,462 shares during the period. Victory Capital Management Inc. increased its position 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% in the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company's stock valued at $74,320,000 after purchasing 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 purchasing an additional 81,791 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Gibraltar Industries by 14.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company's stock worth $45,318,000 after purchasing an additional 81,401 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Trading Down 1.9 %

ROCK stock traded down $1.35 during trading on Thursday, hitting $70.66. 107,474 shares of the company's stock were exchanged, compared to its average volume of 175,273. The business has a 50-day moving average price of $69.72 and a two-hundred day moving average price of $70.08. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.63 and a beta of 1.15. Gibraltar Industries, Inc. has a 52-week low of $61.92 and a 52-week high of $87.40.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday.

Gibraltar Industries Company 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.