Wellington Management Group LLP Grows Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Wellington Management Group LLP increased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 34.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,541,070 shares of the construction company's stock after buying an additional 397,313 shares during the quarter. Wellington Management Group LLP owned 5.08% of Gibraltar Industries worth $90,769,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after buying an additional 530 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Gibraltar Industries during the fourth quarter valued at approximately $53,000. Quarry LP grew its position in Gibraltar Industries by 33.3% during the third quarter. Quarry LP now owns 1,318 shares of the construction company's stock valued at $92,000 after acquiring an additional 329 shares during the last quarter. KBC Group NV boosted its stake in shares of Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Gibraltar Industries by 106.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,806 shares of the construction company's stock valued at $126,000 after purchasing an additional 932 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Down 5.6 %

Shares of ROCK stock traded down $3.18 during mid-day trading on Thursday, reaching $53.23. 25,212 shares of the company's stock traded hands, compared to its average volume of 207,982. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90. The company has a market cap of $1.58 billion, a P/E ratio of 12.01 and a beta of 1.22. The company's 50-day moving average price is $61.39 and its 200-day moving average price is $64.61.

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

Analyst Upgrades and Downgrades

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

Gibraltar Industries Company 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.