Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Maven Securities LTD

Maven Securities LTD lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 68.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 institutional investors have also modified their holdings of ROCK. Innealta Capital LLC acquired a new position in Gibraltar Industries during the 2nd quarter worth approximately $39,000. nVerses Capital LLC acquired a new position in shares of Gibraltar Industries during the second quarter worth $55,000. Quarry LP increased its holdings in Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after buying an additional 802 shares during the last quarter. Point72 DIFC Ltd raised its stake in Gibraltar Industries by 92.1% in the second quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock valued at $91,000 after buying an additional 637 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Gibraltar Industries by 9,273.9% during the 1st quarter. Lazard Asset Management LLC now owns 2,156 shares of the construction company’s stock worth $173,000 after buying an additional 2,133 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

Gibraltar Industries Stock Up 1.2 %

Shares of Gibraltar Industries stock opened at $71.54 on Thursday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 19.23 and a beta of 1.14. Gibraltar Industries, Inc. has a 52 week low of $59.66 and a 52 week high of $87.40. The firm’s 50 day moving average is $68.83 and its two-hundred day moving average is $71.83.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. During the same quarter in the prior year, the business earned $1.18 earnings per share. Gibraltar Industries’s revenue was down 3.3% compared to the same quarter last year. As a group, research analysts expect that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current fiscal year.

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.