Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 298.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,897 shares of the construction company's stock after purchasing an additional 26,149 shares during the period. Balyasny Asset Management L.P. owned approximately 0.12% of Gibraltar Industries worth $2,055,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Sei Investments Co. grew its holdings in shares of Gibraltar Industries by 37.8% during the fourth quarter. Sei Investments Co. now owns 27,373 shares of the construction company's stock worth $1,612,000 after buying an additional 7,513 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gibraltar Industries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock valued at $50,359,000 after purchasing an additional 15,889 shares during the period. Barclays PLC raised its stake in shares of Gibraltar Industries by 93.8% during the third quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after purchasing an additional 50,017 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Gibraltar Industries by 4.7% during the fourth quarter. Rhumbline Advisers now owns 95,220 shares of the construction company's stock worth $5,608,000 after purchasing an additional 4,280 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Gibraltar Industries by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock worth $176,122,000 after purchasing an additional 15,201 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Trading Up 2.1%

Shares of Gibraltar Industries stock traded up $1.27 on Friday, reaching $62.50. 1,383,289 shares of the stock were exchanged, compared to its average volume of 225,057. The firm has a market capitalization of $1.84 billion, a PE ratio of 13.98 and a beta of 1.30. The business has a fifty day moving average price of $57.50 and a two-hundred day moving average price of $62.26. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. During the same quarter last year, the business earned $0.80 earnings per share. The business's revenue for the quarter was down .9% compared to the same quarter last year. Research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $58.21, for a total value of $68,222.12. Following the sale, the director now owns 11,976 shares of the company's stock, valued at approximately $697,122.96. This represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

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.