Wellington Management Group LLP Grows Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Wellington Management Group LLP lifted its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,541,070 shares of the construction company's stock after acquiring an additional 397,313 shares during the period. Wellington Management Group LLP owned 5.08% of Gibraltar Industries worth $90,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ROCK. T. Rowe Price Investment Management Inc. raised its holdings in shares of Gibraltar Industries by 32.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock worth $33,604,000 after acquiring an additional 140,784 shares during the period. Renaissance Technologies LLC raised its holdings in Gibraltar Industries by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company's stock valued at $15,341,000 after buying 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 valued at $11,315,000 after buying an additional 82,965 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Gibraltar Industries by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock valued at $7,601,000 after buying an additional 71,532 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Gibraltar Industries by 39.5% in the 4th quarter. JPMorgan Chase & Co. now owns 204,466 shares of the construction company's stock valued at $12,043,000 after buying an additional 57,928 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Trading Down 2.3%

ROCK traded down $1.36 on Monday, hitting $57.22. The company had a trading volume of 153,616 shares, compared to its average volume of 229,447. The firm has a market cap of $1.69 billion, a P/E ratio of 12.80 and a beta of 1.30. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The company's fifty day moving average price is $56.48 and its 200 day moving average price is $61.26.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. On average, analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Insider Buying and Selling at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction dated 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 now directly owns 11,976 shares of the company's stock, valued at $697,122.96. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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