Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) Director James B. Nish sold 2,670 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was 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 directly owns 13,148 shares in the company, valued at $757,061.84. The trade was a 16.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gibraltar Industries Stock Performance
ROCK traded down $1.12 during midday trading on Monday, hitting $56.90. The company had a trading volume of 169,920 shares, compared to its average volume of 215,963. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The company has a market capitalization of $1.68 billion, a PE ratio of 12.79 and a beta of 1.30. The firm's 50-day simple moving average is $58.62 and its 200-day simple moving average is $62.61.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 20th.
View Our Latest Research Report on Gibraltar Industries
Institutional Trading of Gibraltar Industries
Several institutional investors and hedge funds have recently added to or reduced their stakes in ROCK. Sterling Capital Management LLC lifted its holdings in Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after buying an additional 458 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after purchasing an additional 530 shares during the period. GAMMA Investing LLC increased its holdings in Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after purchasing an additional 313 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in Gibraltar Industries in the fourth quarter valued at about $53,000. Finally, Nisa Investment Advisors LLC boosted its stake in Gibraltar Industries by 29.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock worth $67,000 after acquiring an additional 261 shares during the last quarter. 98.39% of the stock is owned by institutional investors.
Gibraltar Industries Company Profile
(
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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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