GW&K Investment Management LLC Sells 389,913 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

GW&K Investment Management LLC trimmed its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 89.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 45,881 shares of the construction company's stock after selling 389,913 shares during the quarter. GW&K Investment Management LLC owned about 0.16% of Gibraltar Industries worth $2,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in shares of Gibraltar Industries by 29.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock valued at $67,000 after buying an additional 261 shares during the last quarter. GAMMA Investing LLC lifted its position in Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after acquiring an additional 313 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in Gibraltar Industries by 1.6% in the 1st quarter. Cascade Investment Advisors Inc. now owns 20,875 shares of the construction company's stock valued at $1,225,000 after acquiring an additional 320 shares in the last quarter. Swiss National Bank boosted its stake in Gibraltar Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock valued at $3,528,000 after purchasing an additional 400 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Gibraltar Industries by 8.0% in the 4th quarter. Bank of Montreal Can now owns 5,691 shares of the construction company's stock worth $335,000 after purchasing an additional 423 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Gibraltar Industries Trading Up 1.2%

NASDAQ:ROCK traded up $0.79 during mid-day trading on Friday, reaching $65.96. The company's stock had a trading volume of 158,511 shares, compared to its average volume of 211,703. The stock has a market cap of $1.95 billion, a P/E ratio of 15.16 and a beta of 1.32. The firm's fifty day moving average price is $60.72 and its two-hundred day moving average price is $60.02. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $296.77 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. Analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James B. Nish sold 1,172 shares of the firm'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 transaction, the director directly owned 11,976 shares in the company, valued at $697,122.96. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.50% of the company's stock.

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.