Nuveen Asset Management LLC Has $21.46 Million Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Nuveen Asset Management LLC increased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 364,410 shares of the construction company's stock after purchasing an additional 22,638 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.20% of Gibraltar Industries worth $21,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position 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 valued at $90,769,000 after purchasing an additional 397,313 shares during the period. T. Rowe Price Investment Management Inc. raised its position 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 valued at $33,604,000 after purchasing an additional 140,784 shares during the period. Renaissance Technologies LLC raised its position 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 valued at $15,341,000 after purchasing an additional 90,000 shares during the period. D. E. Shaw & Co. Inc. raised its position 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 valued at $11,315,000 after purchasing an additional 82,965 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position 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 valued at $7,601,000 after purchasing an additional 71,532 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries 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 sale, the director now owns 11,976 shares in the company, valued at $697,122.96. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

Gibraltar Industries Stock Up 0.0%

Shares of NASDAQ:ROCK traded up $0.03 during trading on Thursday, reaching $59.27. The stock had a trading volume of 24,093 shares, compared to its average volume of 228,447. 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 $1.75 billion, a price-to-earnings ratio of 13.26 and a beta of 1.30. The stock has a fifty day simple moving average of $56.74 and a two-hundred day simple moving average of $61.71.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The business had revenue of $290.02 million for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.80 earnings per share. On average, analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.