Birchcreek Wealth Management LLC Makes New $267,000 Investment in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Birchcreek Wealth Management LLC purchased a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,559 shares of the construction company's stock, valued at approximately $267,000.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of Gibraltar Industries by 34.7% in the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock valued at $90,769,000 after purchasing an additional 397,313 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Gibraltar Industries by 32.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock valued at $33,604,000 after acquiring an additional 140,784 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Gibraltar Industries by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock valued at $15,341,000 after acquiring an additional 90,000 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Gibraltar Industries by 76.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock worth $11,315,000 after buying an additional 82,965 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Gibraltar Industries by 1,114.0% in the 1st quarter. Teacher Retirement System of Texas now owns 84,177 shares of the construction company's stock worth $4,938,000 after buying an additional 77,243 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

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.

Gibraltar Industries Price Performance

Shares of ROCK stock traded down $0.53 during trading hours on Monday, hitting $65.43. 75,166 shares of the company's stock were exchanged, compared to its average volume of 266,030. The stock's 50-day moving average is $60.72 and its 200-day moving average is $60.03. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 15.06 and a beta of 1.32. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.22% and a return on equity of 13.39%. The company had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The company's revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James B. Nish sold 2,670 shares of the company's stock in a transaction 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 transaction, the director owned 13,148 shares of the company's stock, valued at $757,061.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by company insiders.

About Gibraltar Industries

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.