Gibraltar Industries, Inc. (NASDAQ:ROCK) Stake Boosted by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 24,011.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,099 shares of the construction company's stock after purchasing an additional 4,082 shares during the period. Picton Mahoney Asset Management's holdings in Gibraltar Industries were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ROCK. Sterling Capital Management LLC grew its stake in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after purchasing an additional 458 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after buying an additional 313 shares during the last quarter. Nisa Investment Advisors LLC grew its position 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 worth $67,000 after buying an additional 261 shares in the last quarter. Quarry LP increased its stake in shares of Gibraltar Industries by 41.5% in the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after buying an additional 547 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Gibraltar Industries in the fourth quarter worth $111,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gibraltar Industries

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 owned 11,976 shares of the company's stock, valued at $697,122.96. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.50% of the company's stock.

Gibraltar Industries Stock Performance

Shares of ROCK stock traded down $1.71 during trading hours on Friday, hitting $64.32. 224,223 shares of the company were exchanged, compared to its average volume of 187,816. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.88 and a beta of 1.32. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $74.97. The business's 50-day simple moving average is $61.28 and its two-hundred day simple moving average is $60.27.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The firm had revenue of $290.02 million for the quarter, compared to analysts' expectations of $296.77 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Gibraltar Industries's revenue for the quarter was down .9% compared to the same quarter last year. As a group, 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 Saturday.

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.