Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,465 shares of the construction company's stock after purchasing an additional 90,000 shares during the period. Renaissance Technologies LLC owned about 0.86% of Gibraltar Industries worth $15,341,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in Gibraltar Industries by 11.9% in the 3rd quarter. HighTower Advisors LLC now owns 3,442 shares of the construction company's stock valued at $245,000 after acquiring an additional 366 shares during the last quarter. State Street Corp grew its position in shares of Gibraltar Industries by 4.6% in the third quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock valued at $89,390,000 after purchasing an additional 56,008 shares during the period. Jane Street Group LLC increased its stake in Gibraltar Industries by 50.6% in the third quarter. Jane Street Group LLC now owns 53,397 shares of the construction company's stock valued at $3,734,000 after purchasing an additional 17,938 shares during the last quarter. Barclays PLC lifted its position in Gibraltar Industries by 93.8% during the third quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after buying an additional 50,017 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock worth $58,676,000 after buying an additional 32,950 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Price Performance

ROCK stock traded down $0.02 on Friday, hitting $51.78. 179,753 shares of the company were exchanged, compared to its average volume of 211,996. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.58 and a beta of 1.22. The business's fifty day moving average is $60.42 and its two-hundred day moving average is $63.74. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business had revenue of $302.06 million for the quarter, compared to analyst estimates of $307.93 million. During the same period last year, the company posted $0.85 EPS. The business's quarterly revenue was down 8.1% on a year-over-year basis. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research note 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.