Two Sigma Investments LP Sells 36,433 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Two Sigma Investments LP cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,368 shares of the construction company's stock after selling 36,433 shares during the quarter. Two Sigma Investments LP owned approximately 0.06% of Gibraltar Industries worth $1,082,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its stake in shares of Gibraltar Industries by 645.1% during the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after buying an additional 458 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after buying an additional 530 shares during the last quarter. KBC Group NV increased its position in shares of Gibraltar Industries by 50.2% during 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 in the last quarter. Quarry LP boosted its position in Gibraltar Industries by 41.5% during the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after acquiring an additional 547 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Gibraltar Industries in the fourth quarter valued at approximately $111,000. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 opened at $59.18 on Friday. The company's 50 day moving average price is $56.43 and its 200 day moving average price is $61.16. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.24 and a beta of 1.34. 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 posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 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%. Gibraltar Industries's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Gibraltar Industries

In other news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.

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