Wedge Capital Management L L P NC Buys 1,188 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Wedge Capital Management L L P NC lifted its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,517 shares of the construction company’s stock after buying an additional 1,188 shares during the quarter. Wedge Capital Management L L P NC owned about 0.10% of Gibraltar Industries worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in shares of Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock worth $31,000 after buying an additional 458 shares during the period. Smartleaf Asset Management LLC grew its position 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 purchasing an additional 530 shares in the last quarter. Quarry LP grew 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 purchasing an additional 547 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Gibraltar Industries during the fourth quarter worth about $111,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Gibraltar Industries during the fourth quarter worth about $117,000. Institutional investors own 98.39% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st.

Insider Buying and Selling at Gibraltar Industries

In other news, Director James B. Nish sold 1,172 shares of the firm’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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Gibraltar Industries Trading Up 1.5%

NASDAQ:ROCK opened at $61.36 on Wednesday. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The stock has a 50-day moving average price of $56.65 and a 200 day moving average price of $60.92. The stock has a market capitalization of $1.81 billion, a P/E ratio of 13.73 and a beta of 1.34.

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

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.