Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,858 shares of the construction company's stock after acquiring an additional 13,284 shares during the quarter. Millennium Management LLC owned 0.50% of Gibraltar Industries worth $8,944,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ROCK. PNC Financial Services Group Inc. boosted its position in shares of Gibraltar Industries by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after buying an additional 228 shares during the period. Illinois Municipal Retirement Fund raised its position in Gibraltar Industries by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock valued at $994,000 after purchasing an additional 237 shares in the last quarter. Keybank National Association OH increased its stake in shares of Gibraltar Industries by 5.0% during the fourth quarter. Keybank National Association OH now owns 7,148 shares of the construction company's stock valued at $421,000 after buying an additional 343 shares during the period. Swiss National Bank raised its holdings in shares of Gibraltar Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 59,900 shares of the construction company's stock valued at $3,528,000 after acquiring an additional 400 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Gibraltar Industries by 12.8% in the fourth quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company's stock worth $212,000 after acquiring an additional 410 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Gibraltar Industries Stock Performance

NASDAQ:ROCK traded down $0.78 during trading hours on Friday, reaching $58.60. The company's stock had a trading volume of 14,958 shares, compared to its average volume of 228,488. The stock has a 50 day moving average price of $56.66 and a two-hundred day moving average price of $61.61. The company has a market capitalization of $1.73 billion, a P/E ratio of 13.10 and a beta of 1.30. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The business had revenue of $290.02 million for 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%. The business's revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. As a group, analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Insider Activity

In related news, Director James B. Nish sold 1,172 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the transaction, the director now owns 11,976 shares in the company, valued at $697,122.96. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company's stock.

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.