Deutsche Bank AG Increases Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Deutsche Bank AG raised its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,830 shares of the construction company's stock after buying an additional 9,081 shares during the quarter. Deutsche Bank AG owned about 0.15% of Gibraltar Industries worth $2,699,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock worth $176,122,000 after acquiring an additional 15,201 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gibraltar Industries by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock valued at $97,975,000 after purchasing an additional 23,358 shares during the last quarter. 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 worth $90,769,000 after purchasing an additional 397,313 shares in the last quarter. Geode Capital Management LLC grew its stake in Gibraltar Industries by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock worth $50,359,000 after buying an additional 15,889 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Gibraltar Industries by 32.8% during 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 buying an additional 140,784 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of Gibraltar Industries stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total transaction of $153,738.60. Following the completion of the sale, the director now directly owns 13,148 shares in the company, valued at approximately $757,061.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

Gibraltar Industries Stock Performance

ROCK stock traded up $1.66 during trading on Tuesday, reaching $60.74. The company had a trading volume of 198,252 shares, compared to its average volume of 229,060. 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 $1.79 billion, a price-to-earnings ratio of 13.59 and a beta of 1.30. The firm has a 50-day simple moving average of $56.77 and a 200-day simple moving average of $61.72.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current 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.