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

Two Sigma Investments LP cut its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 66.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP grew its position 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 worth $90,769,000 after buying an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Gibraltar Industries by 32.8% in 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 acquiring an additional 140,784 shares in the last quarter. Renaissance Technologies LLC increased its position in Gibraltar Industries by 52.8% during the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock valued at $15,341,000 after purchasing an additional 90,000 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Gibraltar Industries by 76.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock worth $11,315,000 after purchasing an additional 82,965 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Gibraltar Industries by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock worth $7,601,000 after purchasing an additional 71,532 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Up 0.9%

Shares of NASDAQ:ROCK traded up $0.52 during trading on Monday, hitting $60.44. The stock had a trading volume of 126,161 shares, compared to its average volume of 229,203. The company has a market capitalization of $1.78 billion, a PE ratio of 13.52 and a beta of 1.34. The firm's fifty day moving average is $56.46 and its 200 day moving average is $60.99. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $296.77 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Insider Activity

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries 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 completion of the sale, the director now owns 11,976 shares of the company's stock, valued at approximately $697,122.96. The trade was a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.