Tudor Investment Corp ET AL Boosts Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Tudor Investment Corp ET AL increased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,219 shares of the construction company's stock after purchasing an additional 13,786 shares during the quarter. Tudor Investment Corp ET AL owned 0.25% of Gibraltar Industries worth $4,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROCK. Sterling Capital Management LLC raised its stake in shares of Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after buying an additional 458 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Gibraltar Industries by 296.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after buying an additional 530 shares during the last quarter. Atticus Wealth Management LLC purchased a new stake in Gibraltar Industries in the 4th quarter valued at about $53,000. KBC Group NV boosted its holdings in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after acquiring an additional 480 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Gibraltar Industries by 41.5% during the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after purchasing an additional 547 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company's stock.

Gibraltar Industries Price Performance

NASDAQ:ROCK traded up $0.73 during mid-day trading on Wednesday, reaching $57.53. The stock had a trading volume of 54,650 shares, compared to its average volume of 216,421. The business's 50 day moving average is $58.25 and its 200 day moving average is $62.49. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The stock has a market cap of $1.70 billion, a P/E ratio of 12.86 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The business had revenue of $290.02 million during the quarter, compared to analysts' expectations of $296.77 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Equities analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research note on Monday.

Insiders Place Their Bets

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the transaction, the director now directly owns 11,976 shares in the company, valued at $697,122.96. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

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.