BNP Paribas Financial Markets Buys 15,658 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

BNP Paribas Financial Markets boosted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 66.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,381 shares of the construction company's stock after acquiring an additional 15,658 shares during the period. BNP Paribas Financial Markets owned 0.13% of Gibraltar Industries worth $2,320,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Gibraltar Industries by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after purchasing an additional 228 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Gibraltar Industries by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock worth $994,000 after buying an additional 237 shares during the period. Keybank National Association OH increased its stake in Gibraltar Industries by 5.0% in the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock worth $421,000 after buying an additional 343 shares in the last quarter. Swiss National Bank raised its holdings in Gibraltar Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock valued at $3,528,000 after acquiring an additional 400 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Gibraltar Industries by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock valued at $212,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Insider Activity at Gibraltar Industries

In related news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total value of $153,738.60. Following the sale, the director now owns 13,148 shares in the company, valued at approximately $757,061.84. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Wednesday.

Gibraltar Industries Price Performance

Shares of ROCK stock traded down $1.64 during mid-day trading on Thursday, hitting $58.39. The company had a trading volume of 30,557 shares, compared to its average volume of 225,613. The stock's 50 day moving average price is $57.24 and its 200-day moving average price is $62.10. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90. The company has a market capitalization of $1.72 billion, a P/E ratio of 13.06 and a beta of 1.30.

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