Renaissance Technologies LLC Raises Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Renaissance Technologies LLC grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 52.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,465 shares of the construction company's stock after buying an additional 90,000 shares during the quarter. Renaissance Technologies LLC owned 0.86% of Gibraltar Industries worth $15,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 valued at $42,000 after buying an additional 530 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Gibraltar Industries in the fourth quarter valued at approximately $53,000. KBC Group NV boosted its stake in shares of Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock worth $85,000 after acquiring an additional 480 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Gibraltar Industries during the fourth quarter worth approximately $117,000. Finally, PNC Financial Services Group Inc. raised its stake in Gibraltar Industries by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

Gibraltar Industries Trading Down 0.0 %

ROCK stock traded down $0.02 during mid-day trading on Friday, reaching $51.78. The company's stock had a trading volume of 179,753 shares, compared to its average volume of 211,578. The stock has a market cap of $1.54 billion, a PE ratio of 11.58 and a beta of 1.22. The company's 50 day moving average is $60.42 and its two-hundred day moving average is $63.84. 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 - Get Free Report) last issued its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating 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 company had revenue of $302.06 million during the quarter, compared to analysts' expectations of $307.93 million. During the same period in the prior year, the business earned $0.85 EPS. The firm's quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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.