Teacher Retirement System of Texas Boosts Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Teacher Retirement System of Texas boosted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 1,114.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,177 shares of the construction company's stock after purchasing an additional 77,243 shares during the period. Teacher Retirement System of Texas owned 0.28% of Gibraltar Industries worth $4,938,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its stake in shares of Gibraltar Industries by 42.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,813 shares of the construction company's stock worth $810,000 after purchasing an additional 4,142 shares during the period. Assenagon Asset Management S.A. raised its position in Gibraltar Industries by 2.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 297,354 shares of the construction company's stock worth $17,443,000 after purchasing an additional 6,082 shares during the last quarter. SG Americas Securities LLC raised its position in Gibraltar Industries by 215.6% during the 1st quarter. SG Americas Securities LLC now owns 6,256 shares of the construction company's stock worth $367,000 after purchasing an additional 4,274 shares during the last quarter. GAMMA Investing LLC raised its holdings in Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Gibraltar Industries by 4.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 30,517 shares of the construction company's stock worth $1,790,000 after purchasing an additional 1,188 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Gibraltar Industries Stock Down 0.5%

Gibraltar Industries stock traded down $0.32 during trading hours on Friday, reaching $63.71. 222,364 shares of the company's stock were exchanged, compared to its average volume of 234,005. The firm's 50 day simple moving average is $59.76 and its 200 day simple moving average is $59.66. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The firm has a market capitalization of $1.88 billion, a PE ratio of 14.65 and a beta of 1.32.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million for the quarter, compared to analysts' expectations of $296.77 million. Gibraltar Industries had a return on equity of 13.39% and a net margin of 10.22%. Gibraltar Industries's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Insider Buying and Selling

In other news, Director James B. Nish sold 1,172 shares of the company's 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 of the company's stock, valued at $697,122.96. This represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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.