Gibraltar Industries, Inc. (NASDAQ:ROCK) Director Sells $68,222.12 in Stock

Gibraltar Industries, Inc. (NASDAQ:ROCK) Director James B. Nish sold 1,172 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 11,976 shares of the company’s stock, valued at approximately $697,122.96. This trade represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock opened at $56.82 on Thursday. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90. The stock has a market cap of $1.68 billion, a P/E ratio of 12.71 and a beta of 1.30. The stock’s 50 day simple moving average is $58.07 and its 200-day simple moving average is $62.45.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm had revenue of $290.02 million during the quarter, compared to analysts’ expectations of $296.77 million. During the same period last year, the business earned $0.80 earnings per share. Gibraltar Industries’s revenue was down .9% compared to the same quarter last year. As a group, research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors have recently made changes to their positions in ROCK. Sterling Capital Management LLC increased its holdings in Gibraltar Industries by 645.1% during 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 increased its stake in shares of Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after buying an additional 530 shares during the period. GAMMA Investing LLC raised 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 acquiring an additional 313 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Gibraltar Industries in the fourth quarter worth approximately $53,000. Finally, Nisa Investment Advisors LLC grew its holdings 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 in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Monday.

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.