Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,588 shares of the construction company’s stock after selling 19,600 shares during the period. Point72 Asset Management L.P.’s holdings in Gibraltar Industries were worth $11,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock valued at $176,122,000 after buying an additional 15,201 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gibraltar Industries by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company’s stock valued at $97,975,000 after purchasing an additional 23,358 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Gibraltar Industries by 34.7% during the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock worth $90,769,000 after purchasing an additional 397,313 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Gibraltar Industries by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company’s stock worth $50,359,000 after purchasing an additional 15,889 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Gibraltar Industries by 32.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company’s stock valued at $33,604,000 after purchasing an additional 140,784 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gibraltar Industries

In other news, Director James B. Nish sold 2,670 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $57.58, for a total value of $153,738.60. Following the completion of the transaction, the director now owns 13,148 shares of the company’s stock, valued at approximately $757,061.84. This represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Gibraltar Industries Stock Up 2.1%

ROCK stock opened at $62.50 on Monday. The firm’s 50-day simple moving average is $57.43 and its 200 day simple moving average is $62.16. The stock has a market cap of $1.84 billion, a PE ratio of 13.98 and a beta of 1.30. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $290.02 million for 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%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. Equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th.

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.