Maven Securities LTD Sells 27,500 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Maven Securities LTD decreased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 68.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,500 shares of the construction company's stock after selling 27,500 shares during the period. Maven Securities LTD's holdings in Gibraltar Industries were worth $857,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Swedbank AB purchased a new stake in Gibraltar Industries in the first quarter valued at $17,016,000. Pacer Advisors Inc. grew its holdings in Gibraltar Industries by 14.6% in the second 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 during the last quarter. Millennium Management LLC raised its position in Gibraltar Industries by 196.4% during the second quarter. Millennium Management LLC now owns 123,438 shares of the construction company's stock worth $8,462,000 after acquiring an additional 81,791 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Gibraltar Industries during the 1st quarter worth approximately $5,845,000. Finally, Vanguard Group Inc. raised its holdings in shares of Gibraltar Industries by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company's stock worth $232,622,000 after acquiring an additional 68,728 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Trading Up 1.2 %

ROCK opened at $71.54 on Thursday. The company has a fifty day simple moving average of $68.83 and a 200 day simple moving average of $71.83. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 19.23 and a beta of 1.14. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.08). The business had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.18 earnings per share. On average, analysts forecast that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 2nd.

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.