Bailard Inc. Boosts Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Bailard Inc. lifted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 192.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,253 shares of the construction company's stock after acquiring an additional 6,753 shares during the period. Bailard Inc.'s holdings in Gibraltar Industries were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Gibraltar Industries by 3.2% during the first quarter. Principal Financial Group Inc. now owns 167,692 shares of the construction company's stock worth $9,837,000 after purchasing an additional 5,201 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Gibraltar Industries by 42.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,813 shares of the construction company's stock worth $810,000 after buying an additional 4,142 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after buying an additional 313 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Gibraltar Industries by 215.6% in the first quarter. SG Americas Securities LLC now owns 6,256 shares of the construction company's stock valued at $367,000 after acquiring an additional 4,274 shares in the last quarter. Finally, Sei Investments Co. increased its position 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 valued at $1,612,000 after acquiring an additional 7,513 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $57.58, for a total transaction of $153,738.60. Following the sale, the director directly owned 13,148 shares of the company's stock, valued at $757,061.84. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company's stock.

Gibraltar Industries Trading Up 1.9%

Shares of ROCK stock traded up $1.23 during midday trading on Wednesday, reaching $65.62. 151,157 shares of the stock were exchanged, compared to its average volume of 235,716. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The firm has a market cap of $1.94 billion, a PE ratio of 15.09 and a beta of 1.32. The company's 50 day moving average is $60.49 and its two-hundred day moving average is $59.88.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.22% and a return on equity of 13.39%. The firm had revenue of $290.02 million for the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business's revenue was down .9% on a year-over-year basis. As a group, equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Gibraltar Industries 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.