Northern Trust Corp Grows Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Northern Trust Corp increased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 366,987 shares of the construction company's stock after purchasing an additional 32,520 shares during the quarter. Northern Trust Corp owned approximately 1.21% of Gibraltar Industries worth $21,616,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in 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 acquiring an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 worth $33,604,000 after purchasing an additional 140,784 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Gibraltar Industries by 52.8% in the fourth 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. Arrowstreet Capital Limited Partnership lifted its stake in shares of Gibraltar Industries by 124.4% during 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total value of $153,738.60. Following the completion of the transaction, the director now directly owns 13,148 shares in the company, valued at approximately $757,061.84. This represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a "hold" rating to a "buy" rating in a report on Tuesday.

Gibraltar Industries Stock Up 2.1%

Shares of ROCK stock traded up $1.27 during trading on Friday, hitting $62.50. The company had a trading volume of 1,383,289 shares, compared to its average volume of 225,057. The stock's 50-day moving average is $57.50 and its two-hundred day moving average is $62.26. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 13.98 and a beta of 1.30. Gibraltar Industries, Inc. has a 52 week low of $48.96 and a 52 week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results 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 business had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Gibraltar Industries's revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

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.