Numerai GP LLC bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,489 shares of the construction company's stock, valued at approximately $795,000.
Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted 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 buying an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position 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 valued at $33,604,000 after acquiring an additional 140,784 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 worth $15,341,000 after acquiring an additional 90,000 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Gibraltar Industries by 76.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock worth $11,315,000 after acquiring an additional 82,965 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Gibraltar Industries by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock worth $7,601,000 after purchasing an additional 71,532 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.
Insider Activity at Gibraltar Industries
In other news, Director James B. Nish sold 1,172 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the transaction, the director now owns 11,976 shares of the company's stock, valued at approximately $697,122.96. The trade was a 8.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded Gibraltar Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.
Check Out Our Latest Research Report on ROCK
Gibraltar Industries Stock Performance
Shares of NASDAQ:ROCK traded up $1.27 during midday trading on Friday, hitting $62.50. The company's stock had a trading volume of 1,383,289 shares, compared to its average volume of 225,980. The company has a market cap of $1.84 billion, a P/E ratio of 13.98 and a beta of 1.30. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The business's 50 day simple moving average is $57.43 and its 200 day simple moving average is $62.20.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the prior year, the firm earned $0.80 EPS. Gibraltar Industries's quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.
Gibraltar Industries Profile
(
Free Report)
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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