Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,373 shares of the construction company's stock after acquiring an additional 7,513 shares during the quarter. Sei Investments Co. owned 0.09% of Gibraltar Industries worth $1,612,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after buying an additional 685,462 shares during the last quarter. State Street Corp lifted its position in Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock worth $89,390,000 after acquiring an additional 56,008 shares during the period. Barclays PLC grew its stake in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock valued at $7,226,000 after purchasing an additional 50,017 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after purchasing an additional 32,950 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Gibraltar Industries in the fourth quarter worth about $1,727,000. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Trading Up 1.4 %

Shares of ROCK stock traded up $0.74 during trading hours on Friday, hitting $54.23. The company's stock had a trading volume of 240,760 shares, compared to its average volume of 209,751. The stock has a market cap of $1.61 billion, a PE ratio of 12.13 and a beta of 1.22. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The company has a 50 day moving average of $61.18 and a 200 day moving average of $64.40.

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 for the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm's revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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.