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

GAMMA Investing LLC increased its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 9,467.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,456 shares of the construction company's stock after purchasing an additional 46,960 shares during the period. GAMMA Investing LLC owned 0.16% of Gibraltar Industries worth $2,784,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ROCK. Sterling Capital Management LLC grew its stake in Gibraltar Industries by 645.1% during the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after acquiring an additional 458 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after acquiring an additional 530 shares in the last quarter. Quarry LP grew its stake in Gibraltar Industries by 41.5% during the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock valued at $110,000 after acquiring an additional 547 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Gibraltar Industries during the fourth quarter valued at $111,000. Finally, PNC Financial Services Group Inc. grew its stake 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 in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries 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 of the company's stock, valued at $697,122.96. This trade represents a 8.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Gibraltar Industries Trading Up 1.3%

ROCK traded up $0.77 during trading on Monday, hitting $57.97. 218,235 shares of the company traded hands, compared to its average volume of 229,550. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The company has a market cap of $1.71 billion, a PE ratio of 12.97 and a beta of 1.34. The stock's 50-day simple moving average is $57.18 and its two-hundred day simple moving average is $60.44.

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 net margin of 10.49% and a return on equity of 13.19%. The business had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. During the same period last year, the company posted $0.80 EPS. The business's revenue was down .9% on a year-over-year basis. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.