Swedbank AB Trims Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Swedbank AB reduced its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,076 shares of the construction company's stock after selling 16,175 shares during the period. Swedbank AB owned 0.88% of Gibraltar Industries worth $18,677,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Gibraltar Industries during the second quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings in shares of Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock worth $51,000 after buying an additional 170 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Gibraltar Industries in the second quarter worth $55,000. Quarry LP lifted its holdings in shares of Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company's stock worth $68,000 after buying an additional 802 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its holdings in shares of Gibraltar Industries by 92.1% in the second quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company's stock worth $91,000 after buying an additional 637 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

ROCK stock traded up $0.10 during mid-day trading on Friday, reaching $67.28. 68,266 shares of the stock traded hands, compared to its average volume of 176,342. Gibraltar Industries, Inc. has a one year low of $59.66 and a one year high of $87.40. The stock has a market capitalization of $2.05 billion, a PE ratio of 18.06 and a beta of 1.14. The business has a 50-day moving average price of $68.21 and a two-hundred day moving average price of $71.11.

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 (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The business had revenue of $353.00 million for the quarter, compared to the consensus estimate 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 was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, equities analysts expect that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday.

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.