Systematic Financial Management LP Buys 5,275 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Systematic Financial Management LP raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 115,910 shares of the construction company's stock after purchasing an additional 5,275 shares during the period. Systematic Financial Management LP owned 0.38% of Gibraltar Industries worth $6,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after acquiring an additional 458 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after purchasing an additional 530 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Gibraltar Industries during the fourth quarter valued at approximately $53,000. KBC Group NV boosted its position in shares of Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock worth $85,000 after purchasing an additional 480 shares during the period. Finally, Quarry LP increased its stake in shares of Gibraltar Industries by 41.5% in the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after purchasing an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

Insider Transactions at Gibraltar Industries

In related news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total value of $153,738.60. Following the sale, the director now owns 13,148 shares in the company, valued at approximately $757,061.84. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gibraltar Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Gibraltar Industries Stock Down 2.1%

NASDAQ ROCK traded down $1.30 during trading hours on Wednesday, reaching $60.03. The company's stock had a trading volume of 345,465 shares, compared to its average volume of 226,377. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.43 and a beta of 1.30. The firm's 50-day moving average price is $57.34 and its 200-day moving average price is $62.12.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm 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%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Equities research analysts anticipate 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.