PharVision Advisers LLC Invests $423,000 in Gibraltar Industries, Inc. (NASDAQ:ROCK)

PharVision Advisers LLC purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,185 shares of the construction company's stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP grew its stake in 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 acquiring an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in 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 during the last quarter. Renaissance Technologies LLC grew its stake in 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 during the last quarter. D. E. Shaw & Co. Inc. grew its stake 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 valued at $11,315,000 after acquiring an additional 82,965 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Gibraltar Industries by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock valued at $7,601,000 after acquiring an additional 71,532 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

NASDAQ ROCK traded down $0.42 during trading hours on Friday, reaching $59.08. The company's stock had a trading volume of 296,266 shares, compared to its average volume of 229,154. The stock has a market cap of $1.74 billion, a PE ratio of 13.22 and a beta of 1.30. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The company's 50-day moving average is $56.98 and its two-hundred day moving average is $61.90.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the stock in a transaction that occurred 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 transaction, the director now owns 11,976 shares of the company's stock, valued at $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

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.