Amalgamated Bank Sells 284 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Amalgamated Bank trimmed its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,694 shares of the construction company’s stock after selling 284 shares during the quarter. Amalgamated Bank’s holdings in Gibraltar Industries were worth $510,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Gibraltar Industries by 42.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,813 shares of the construction company’s stock worth $810,000 after purchasing an additional 4,142 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Gibraltar Industries by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 297,354 shares of the construction company’s stock worth $17,443,000 after purchasing an additional 6,082 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Gibraltar Industries by 215.6% in the first quarter. SG Americas Securities LLC now owns 6,256 shares of the construction company’s stock worth $367,000 after purchasing an additional 4,274 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock worth $47,000 after purchasing an additional 313 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Gibraltar Industries by 4.1% in the first quarter. Wedge Capital Management L L P NC now owns 30,517 shares of the construction company’s stock worth $1,790,000 after purchasing an additional 1,188 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Insider Activity

In other Gibraltar Industries news, 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 transaction of $153,738.60. Following the completion of the transaction, the director owned 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 at this link. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Gibraltar Industries Trading Up 1.4%

ROCK opened at $64.03 on Friday. The firm has a market cap of $1.89 billion, a P/E ratio of 14.72 and a beta of 1.32. 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 of $59.76 and a 200 day moving average of $59.66.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. On average, research analysts forecast 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.