Marshall Wace LLP Invests $1.55 Million in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Marshall Wace LLP purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,341 shares of the construction company's stock, valued at approximately $1,551,000. Marshall Wace LLP owned about 0.09% of Gibraltar Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Gibraltar Industries by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock worth $200,000 after buying an additional 228 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Gibraltar Industries by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock worth $994,000 after purchasing an additional 237 shares in the last quarter. Keybank National Association OH increased its position in Gibraltar Industries by 5.0% during the 4th quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock worth $421,000 after purchasing an additional 343 shares in the last quarter. Swiss National Bank increased 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 in the last quarter. Finally, Park Avenue Securities LLC increased 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 in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Trading Down 1.1 %

Gibraltar Industries stock opened at $52.59 on Tuesday. The stock has a market cap of $1.56 billion, a PE ratio of 11.77 and a beta of 1.22. The stock has a 50-day moving average price of $59.49 and a 200 day moving average price of $62.97. 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 posted its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $302.06 million during the quarter, compared to analysts' expectations of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm's revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.

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