Two Sigma Advisers LP Lowers Stake in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Two Sigma Advisers LP decreased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,000 shares of the construction company's stock after selling 18,100 shares during the period. Two Sigma Advisers LP owned approximately 0.17% of Gibraltar Industries worth $3,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Gibraltar Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after buying an additional 15,201 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Gibraltar Industries by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock valued at $97,975,000 after buying an additional 23,358 shares during the period. Wellington Management Group LLP lifted its holdings in 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 buying an additional 397,313 shares during the period. Geode Capital Management LLC raised its holdings in shares of Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock valued at $50,359,000 after purchasing an additional 15,889 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Gibraltar Industries by 32.8% during 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. Institutional investors and hedge funds own 98.39% of the company's stock.

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 value of $68,222.12. Following the sale, the director now directly owns 11,976 shares in the company, valued at $697,122.96. This represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK traded down $0.72 during trading on Friday, hitting $58.66. 199,236 shares of the company traded hands, compared to its average volume of 229,751. The business's fifty day moving average is $56.57 and its 200 day moving average is $61.43. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.12 and a beta of 1.30.

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, topping analysts' consensus estimates of $0.86 by $0.09. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $290.02 million for the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the prior year, the business posted $0.80 EPS. The firm's revenue was down .9% compared to the same quarter last year. On average, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a 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.