Dimensional Fund Advisors LP Amends GIB Stake
Ticker: ROCK · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 912562
| Field | Detail |
|---|---|
| Company | Gibraltar Industries, Inc. (ROCK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Dimensional Fund Advisors LP still holds GIB, signaling continued institutional confidence.**
AI Summary
Dimensional Fund Advisors LP, a major investment firm, filed an amended SC 13G/A on February 9, 2024, indicating their ownership in Gibraltar Industries Inc. (GIB). This filing, dated for the event on December 29, 2023, shows that Dimensional Fund Advisors LP is a significant institutional holder of GIB's Common Stock. For investors, this means a large, reputable fund manager sees value in GIB, which can be a positive signal, but it also means a substantial portion of the stock is held by an institutional investor, potentially impacting liquidity or future price movements if they decide to significantly alter their position.
Why It Matters
This filing confirms a major institutional investor, Dimensional Fund Advisors LP, holds a significant position in Gibraltar Industries Inc., which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This is an amendment to an existing filing, indicating a routine update rather than a new, potentially disruptive event.
Analyst Insight
Investors should note that a major institutional investor maintains a position in GIB, suggesting continued confidence, but this filing alone doesn't indicate a change in their holding size or intent, so further research into their specific ownership percentage would be prudent.
Key Players & Entities
- Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
- Gibraltar Industries Inc. (company) — the subject company whose stock is being reported
- December 29, 2023 (date) — the date of the event requiring this filing
- February 9, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No. 1'.
Who is the reporting person in this filing?
The reporting person is Dimensional Fund Advisors LP, as stated under 'NAMES OF REPORTING PERSONS' and 'COMPANY CONFORMED NAME: DIMENSIONAL FUND ADVISORS LP'.
What is the subject company whose shares are being reported?
The subject company is Gibraltar Industries Inc., identified as 'Name of Issuer: Gibraltar Industries Inc' and 'COMPANY CONFORMED NAME: GIBRALTAR INDUSTRIES, INC.'.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of Gibraltar Industries Inc. is 374689107, as listed under 'CUSIP Number' on the cover page.
When was the event that required this filing?
The event which required the filing of this statement occurred on December 29, 2023, as specified by 'Date of Event Which Requires Filing of this Statement: December 29, 2023'.
Filing Stats: 1,225 words · 5 min read · ~4 pages · Grade level 9.1 · Accepted 2024-02-09 09:59:12
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 17KB
- 0000354204-24-003195.txt ( ) — 19KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Gibraltar Industries Inc (Name of Issuer) Common Stock (Title of Class of Securities) 374689107 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 374689107 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,756,130 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,784,122 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,784,122 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Gibraltar Industries Inc (b) Address of Issuer's Principal Executive Offices 3556 Lake Shore Road, PO Box 2028, Buffalo, NY 14219 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 374689107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 1,784,122 ** see Note 1 ** (b) Percent of Class: 5.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,756,130 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,784,122 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed