Nisa Investment Advisors LLC Has $67,000 Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Nisa Investment Advisors LLC grew its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,150 shares of the construction company’s stock after acquiring an additional 261 shares during the period. Nisa Investment Advisors LLC’s holdings in Gibraltar Industries were worth $67,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ROCK. Proficio Capital Partners LLC acquired a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $892,000. Raymond James Financial Inc. bought a new position in Gibraltar Industries during the fourth quarter worth $1,131,000. PNC Financial Services Group Inc. grew its stake in Gibraltar Industries by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company’s stock valued at $200,000 after buying an additional 228 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Gibraltar Industries by 75.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,549 shares of the construction company’s stock valued at $739,000 after buying an additional 5,400 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Gibraltar Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 59,900 shares of the construction company’s stock worth $3,528,000 after purchasing an additional 400 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the transaction, the director directly owned 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

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

Gibraltar Industries Price Performance

NASDAQ:ROCK opened at $63.32 on Friday. The company has a market cap of $1.87 billion, a PE ratio of 14.56 and a beta of 1.32. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90. The firm’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $59.81.

Gibraltar Industries (NASDAQ:ROCK) 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. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The firm had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Gibraltar Industries 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.