Marshall Wace LLP Acquires Shares of 26,341 Gibraltar Industries, Inc. (NASDAQ:ROCK)

Marshall Wace LLP acquired a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,341 shares of the construction company's stock, valued at approximately $1,551,000. Marshall Wace LLP owned 0.09% of Gibraltar Industries as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in Gibraltar Industries by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after buying an additional 228 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Gibraltar Industries by 1.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock valued at $994,000 after acquiring an additional 237 shares during the period. Keybank National Association OH lifted its holdings in shares of Gibraltar Industries by 5.0% during the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock valued at $421,000 after acquiring an additional 343 shares in the last quarter. Swiss National Bank boosted its position in Gibraltar Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock worth $3,528,000 after purchasing an additional 400 shares during the period. Finally, Park Avenue Securities LLC boosted its position in Gibraltar Industries by 12.8% during the 4th quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock worth $212,000 after purchasing an additional 410 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Price Performance

NASDAQ ROCK traded up $2.49 on Friday, reaching $58.02. The company had a trading volume of 344,529 shares, compared to its average volume of 216,047. Gibraltar Industries, Inc. has a 1 year low of $48.96 and a 1 year high of $81.90. The firm has a 50-day moving average of $58.62 and a 200-day moving average of $62.61. The firm has a market capitalization of $1.72 billion, a PE ratio of 12.98 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced 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. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The business had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same period in the prior year, the firm earned $0.80 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 20th.

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.