SG Americas Securities LLC Acquires 4,274 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

SG Americas Securities LLC lifted its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 215.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,256 shares of the construction company's stock after acquiring an additional 4,274 shares during the period. SG Americas Securities LLC's holdings in Gibraltar Industries were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in Gibraltar Industries by 645.1% in the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after purchasing an additional 458 shares during the period. Smartleaf Asset Management LLC raised its position in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after purchasing an additional 530 shares during the period. GAMMA Investing LLC increased its position in shares of Gibraltar Industries by 63.1% during the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after acquiring an additional 313 shares during the period. Quarry LP increased its position in shares of Gibraltar Industries by 41.5% during the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after acquiring an additional 547 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Gibraltar Industries during the fourth quarter worth approximately $111,000. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Down 1.5%

Shares of ROCK stock opened at $59.54 on Thursday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 13.69 and a beta of 1.34. The company's 50 day moving average is $57.81 and its 200 day moving average is $59.97. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued 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. The company had revenue of $290.02 million for the quarter, compared to analyst estimates of $296.77 million. Gibraltar Industries had a net margin of 10.22% and a return on equity of 13.39%. Gibraltar Industries's revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Insider Transactions at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $57.58, for a total value of $153,738.60. Following the completion of the transaction, the director now owns 13,148 shares in the company, valued at approximately $757,061.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

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

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