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

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

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Gibraltar Industries by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after purchasing an additional 15,201 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Gibraltar Industries by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after buying an additional 23,358 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of 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 purchasing an additional 397,313 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Gibraltar Industries by 1.9% in the 4th 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 last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of 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 purchasing an additional 140,784 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Performance

ROCK stock traded up $0.14 during midday trading on Thursday, hitting $59.38. 174,661 shares of the stock were exchanged, compared to its average volume of 229,036. The stock's 50-day moving average price is $56.74 and its 200-day moving average price is $61.71. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 13.28 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.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued 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. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. During the same period in the previous year, the firm posted $0.80 earnings per share. Gibraltar Industries's revenue was down .9% on a year-over-year basis. Research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Insider Transactions at Gibraltar Industries

In other news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction 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 sale, the director now owns 11,976 shares of the company's stock, valued at $697,122.96. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Gibraltar Industries 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.