Man Group plc Reduces Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Man Group plc cut its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,773 shares of the construction company's stock after selling 41,766 shares during the period. Man Group plc owned about 0.09% of Gibraltar Industries worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROCK. Wellington Management Group LLP increased 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 purchasing an additional 397,313 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Gibraltar Industries by 32.8% in 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 purchasing an additional 140,784 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Gibraltar Industries by 52.8% in the fourth quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock worth $15,341,000 after purchasing an additional 90,000 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Gibraltar Industries by 76.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock worth $11,315,000 after purchasing an additional 82,965 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Gibraltar Industries by 124.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock worth $7,601,000 after purchasing an additional 71,532 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gibraltar Industries

In related news, Director James B. Nish sold 1,172 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the transaction, the director now directly owns 11,976 shares of the company's stock, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Gibraltar Industries Trading Up 0.0%

ROCK traded up $0.03 during trading on Thursday, hitting $59.27. 24,093 shares of the company traded hands, compared to its average volume of 228,448. The company has a market cap of $1.75 billion, a PE ratio of 13.26 and a beta of 1.30. The stock's 50-day simple moving average is $56.74 and its two-hundred day simple moving average is $61.71. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 net margin of 10.49% and a return on equity of 13.19%. Gibraltar Industries's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

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.