Price T Rowe Associates Inc. MD Has $1.60 Million Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Price T Rowe Associates Inc. MD decreased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 49.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,156 shares of the construction company's stock after selling 26,742 shares during the period. Price T Rowe Associates Inc. MD owned 0.09% of Gibraltar Industries worth $1,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC boosted its holdings in Gibraltar Industries by 6.6% during the fourth quarter. MetLife Investment Management LLC now owns 18,699 shares of the construction company's stock valued at $1,101,000 after purchasing an additional 1,156 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Gibraltar Industries by 904.4% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,503 shares of the construction company's stock worth $442,000 after acquiring an additional 6,756 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gibraltar Industries by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock worth $97,975,000 after acquiring an additional 23,358 shares in the last quarter. First Trust Advisors LP raised its position in Gibraltar Industries by 145.9% in the 4th quarter. First Trust Advisors LP now owns 34,027 shares of the construction company's stock valued at $2,004,000 after buying an additional 20,190 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Gibraltar Industries during the 4th quarter worth approximately $1,551,000. Institutional investors and hedge funds own 98.39% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $58.21, for a total transaction of $68,222.12. Following the sale, the director now directly owns 11,976 shares of the company's stock, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Gibraltar Industries Trading Up 2.0%

Shares of NASDAQ ROCK traded up $1.22 during mid-day trading on Tuesday, hitting $63.16. The company had a trading volume of 170,164 shares, compared to its average volume of 219,616. The firm has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $62.29. The company has a market capitalization of $1.86 billion, a PE ratio of 14.13 and a beta of 1.30. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

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.