Tudor Investment Corp ET AL Acquires 13,786 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Tudor Investment Corp ET AL raised its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 22.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 75,219 shares of the construction company’s stock after purchasing an additional 13,786 shares during the period. Tudor Investment Corp ET AL’s holdings in Gibraltar Industries were worth $4,430,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP increased its position in 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 valued at $90,769,000 after buying an additional 397,313 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Gibraltar Industries by 32.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company’s stock worth $33,604,000 after purchasing an additional 140,784 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Gibraltar Industries by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company’s stock worth $15,341,000 after purchasing an additional 90,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Gibraltar Industries by 124.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company’s stock valued at $7,601,000 after purchasing an additional 71,532 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Gibraltar Industries by 39.5% in the fourth quarter. JPMorgan Chase & Co. now owns 204,466 shares of the construction company’s stock worth $12,043,000 after buying an additional 57,928 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Trading Up 4.9 %

Gibraltar Industries stock opened at $55.53 on Friday. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90. The stock has a fifty day simple moving average of $58.80 and a two-hundred day simple moving average of $62.74. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 12.42 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $290.02 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. On average, equities research analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

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.