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 Gibraltar Industries 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 now directly owns 11,976 shares of the company’s stock, valued at $697,122.96. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gibraltar Industries Stock Down 3.0 %

NASDAQ ROCK opened at $56.27 on Tuesday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 12.59 and a beta of 1.30. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The business has a fifty day moving average of $58.41 and a 200-day moving average of $62.53.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $290.02 million for the quarter, compared to analyst estimates of $296.77 million. During the same period in the prior year, the firm earned $0.80 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Institutional Trading of Gibraltar Industries

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock worth $7,226,000 after purchasing an additional 50,017 shares during the period. Nordea Investment Management AB lifted its position in Gibraltar Industries by 5.2% during the fourth quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock worth $6,030,000 after buying an additional 5,000 shares during the period. Park Avenue Securities LLC lifted its position in Gibraltar Industries by 12.8% during the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company’s stock worth $212,000 after buying an additional 410 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Gibraltar Industries in the 4th quarter worth about $1,727,000. Finally, SG Americas Securities LLC purchased a new stake in Gibraltar Industries in the 4th quarter valued at about $117,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of 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.