Cubist Systematic Strategies LLC Has $6.44 Million Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Cubist Systematic Strategies LLC lifted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,345 shares of the construction company's stock after purchasing an additional 34,451 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.36% of Gibraltar Industries worth $6,440,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after purchasing an additional 228 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Gibraltar Industries by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock worth $994,000 after purchasing an additional 237 shares during the period. Keybank National Association OH raised its stake in Gibraltar Industries by 5.0% during the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock valued at $421,000 after acquiring an additional 343 shares in the last quarter. Swiss National Bank increased its stake 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 valued at $3,528,000 after acquiring an additional 400 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of Gibraltar Industries by 12.8% in the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock valued at $212,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK traded up $3.34 during trading hours on Monday, hitting $61.94. The stock had a trading volume of 314,133 shares, compared to its average volume of 219,638. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90. The firm's 50-day moving average price is $57.82 and its two-hundred day moving average price is $62.31. The company has a market capitalization of $1.83 billion, a P/E ratio of 13.86 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the company'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 in the company, valued at $697,122.96. This 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 available at this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

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.