Jackson Creek Investment Advisors LLC Invests $1.39 Million in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Jackson Creek Investment Advisors LLC acquired a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,663 shares of the construction company's stock, valued at approximately $1,388,000. Jackson Creek Investment Advisors LLC owned approximately 0.08% of Gibraltar Industries at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Gibraltar Industries by 34.7% in the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock worth $90,769,000 after buying an additional 397,313 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings 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. Renaissance Technologies LLC grew its holdings in Gibraltar Industries by 52.8% during the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock valued at $15,341,000 after buying an additional 90,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Gibraltar Industries by 76.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock valued at $11,315,000 after buying an additional 82,965 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of 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 purchasing an additional 77,243 shares during the period. Institutional investors own 98.39% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Gibraltar Industries

In related news, Director James B. Nish sold 1,172 shares of the 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 completion of the transaction, the director directly owned 11,976 shares in the company, valued at approximately $697,122.96. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

Gibraltar Industries Stock Down 0.3%

ROCK traded down $0.21 during trading hours on Monday, reaching $63.11. 166,476 shares of the company's stock traded hands, compared to its average volume of 235,425. The firm has a 50-day moving average price of $60.44 and a 200 day moving average price of $59.82. Gibraltar Industries, Inc. has a 52-week low of $48.96 and a 52-week high of $81.90. The firm has a market capitalization of $1.86 billion, a PE ratio of 14.36 and a beta of 1.32.

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 (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $290.02 million for the quarter, compared to analyst estimates of $296.77 million. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Equities analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS 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.