GAMMA Investing LLC Boosts Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

GAMMA Investing LLC raised its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 9,467.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,456 shares of the construction company's stock after purchasing an additional 46,960 shares during the quarter. GAMMA Investing LLC owned about 0.16% of Gibraltar Industries worth $2,784,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ROCK. PNC Financial Services Group Inc. grew its position in Gibraltar Industries by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after acquiring an additional 228 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of Gibraltar Industries by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock valued at $994,000 after purchasing an additional 237 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Gibraltar Industries by 5.0% during the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock worth $421,000 after purchasing an additional 343 shares during the period. Swiss National Bank increased its position in Gibraltar Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock worth $3,528,000 after purchasing an additional 400 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Gibraltar Industries by 8.0% in the fourth quarter. Bank of Montreal Can now owns 5,691 shares of the construction company's stock valued at $335,000 after buying an additional 423 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gibraltar Industries

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

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK traded down $1.80 during midday trading on Friday, hitting $57.20. 178,083 shares of the company's stock traded hands, compared to its average volume of 229,209. The firm's fifty day moving average price is $56.93 and its two-hundred day moving average price is $60.80. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The company has a market cap of $1.69 billion, a PE ratio of 12.80 and a beta of 1.34.

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research note 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.