BlackRock Cuts Gibraltar Industries Stake to 13.9%
Ticker: ROCK · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 912562
| Field | Detail |
|---|---|
| Company | Gibraltar Industries, Inc. (ROCK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | medium |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: institutional-ownership, stake-change, amendment, blackrock
TL;DR
**BlackRock trimmed its stake in Gibraltar Industries to 13.9%.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in its ownership of Gibraltar Industries Inc. common stock as of December 31, 2023. BlackRock now beneficially owns 4,374,407 shares, representing 13.9% of the company's outstanding common stock. This is a decrease from their previous reported ownership, which matters to investors as it shows a major institutional investor has reduced its stake, potentially signaling a shift in their outlook on Gibraltar Industries.
Why It Matters
A reduction in ownership by a major institutional investor like BlackRock can influence market sentiment and potentially impact the stock price of Gibraltar Industries Inc.
Risk Assessment
Risk Level: medium — While not a massive sell-off, a reduction by a large institutional holder like BlackRock could signal a perceived increase in risk or a less favorable outlook for Gibraltar Industries.
Analyst Insight
Investors should monitor future institutional ownership filings for Gibraltar Industries Inc. and consider if BlackRock's reduced stake aligns with their own investment thesis or if it signals potential headwinds for the company.
Key Numbers
- 4,374,407 — Shares Beneficially Owned (This is the total number of Gibraltar Industries Inc. common shares BlackRock Inc. now owns.)
- 13.9% — Percentage of Class (This represents BlackRock Inc.'s current ownership stake in Gibraltar Industries Inc., indicating a decrease from previous filings.)
- December 31, 2023 — Reporting Date (This is the specific date for which BlackRock Inc.'s ownership stake is being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Gibraltar Industries Inc. (company) — the subject company whose stock is being reported
- 4,374,407 shares (dollar_amount) — the number of shares beneficially owned by BlackRock Inc. as of December 31, 2023
- 13.9% (dollar_amount) — the percentage of Gibraltar Industries Inc. common stock beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Other institutional investors may re-evaluate their positions in Gibraltar Industries Inc. following BlackRock's reduction. (Gibraltar Industries Inc.) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing, an amendment (Amendment No: 4), indicates a change in beneficial ownership of common stock in Gibraltar Industries Inc. by BlackRock Inc. as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Which entity filed this SC 13G/A?
BlackRock Inc., a security broker, dealer & flotation company based in New York, NY, filed this SC 13G/A regarding its holdings in Gibraltar Industries Inc.
What percentage of Gibraltar Industries Inc. common stock does BlackRock Inc. beneficially own as of the reporting date?
As of December 31, 2023, BlackRock Inc. beneficially owns 13.9% of the common stock of Gibraltar Industries Inc.
How many shares of Gibraltar Industries Inc. common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 4,374,407 shares of Gibraltar Industries Inc. common stock.
What is the CUSIP number for Gibraltar Industries Inc. common stock?
The CUSIP number for Gibraltar Industries Inc. common stock is 374689107.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding GIBRALTAR INDUSTRIES, INC. (ROCK).