Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,001 shares of the construction company's stock after selling 12,396 shares during the period. Jane Street Group LLC owned approximately 0.14% of Gibraltar Industries worth $2,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. lifted its stake in shares of Gibraltar Industries by 37.8% in the 4th quarter. Sei Investments Co. now owns 27,373 shares of the construction company's stock valued at $1,612,000 after purchasing an additional 7,513 shares during the period. Geode Capital Management LLC raised its position in Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock worth $50,359,000 after acquiring an additional 15,889 shares during the period. Barclays PLC raised its position in shares of Gibraltar Industries by 93.8% in the third quarter. Barclays PLC now owns 103,324 shares of the construction company's stock valued at $7,226,000 after buying an additional 50,017 shares during the last quarter. Rhumbline Advisers raised its position in shares of Gibraltar Industries by 4.7% in the fourth quarter. Rhumbline Advisers now owns 95,220 shares of the construction company's stock valued at $5,608,000 after buying an additional 4,280 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Gibraltar Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after purchasing an additional 15,201 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Gibraltar Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Insider Activity at Gibraltar Industries

In related news, Director James B. Nish sold 2,670 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $57.58, for a total transaction of $153,738.60. Following the completion of the sale, the director now owns 13,148 shares of the company's stock, valued at approximately $757,061.84. This represents a 16.88% decrease in their position. The transaction 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 currently owned by corporate insiders.

Gibraltar Industries Stock Performance

ROCK stock traded down $0.95 during midday trading on Monday, reaching $61.55. 143,804 shares of the company were exchanged, compared to its average volume of 225,694. The stock's 50-day simple moving average is $57.43 and its 200 day simple moving average is $62.16. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 13.77 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.

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

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.