D. E. Shaw & Co. Inc. Raises Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

D. E. Shaw & Co. Inc. lifted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,098 shares of the construction company's stock after purchasing an additional 82,965 shares during the period. D. E. Shaw & Co. Inc. owned about 0.63% of Gibraltar Industries worth $11,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROCK. Vanguard Group Inc. lifted its holdings in Gibraltar Industries by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after acquiring an additional 15,201 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Gibraltar Industries by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after buying an additional 23,358 shares during the last quarter. Wellington Management Group LLP boosted its position in Gibraltar Industries by 34.7% during the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock worth $90,769,000 after purchasing an additional 397,313 shares during the period. Geode Capital Management LLC boosted its position in Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock worth $50,359,000 after purchasing an additional 15,889 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Gibraltar Industries by 32.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock worth $33,604,000 after acquiring an additional 140,784 shares during the period. Institutional investors own 98.39% of the company's stock.

Insider Activity 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 shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the transaction, the director now owns 11,976 shares in the company, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Gibraltar Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

Gibraltar Industries Trading Down 1.8%

Gibraltar Industries stock traded down $1.11 during trading hours on Monday, reaching $61.39. 13,952 shares of the stock were exchanged, compared to its average volume of 225,146. The stock has a 50 day moving average of $57.43 and a two-hundred day moving average of $62.16. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The company has a market cap of $1.81 billion, a P/E ratio of 13.73 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share 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 business had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The company's revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts expect 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.