Millennium Management LLC Has $8.94 Million Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Millennium Management LLC increased its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure 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 about 0.50% of Gibraltar Industries worth $8,944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Gibraltar Industries by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 304,125 shares of the construction company's stock valued at $17,913,000 after purchasing an additional 16,413 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Gibraltar Industries in the 4th quarter valued at approximately $111,000. Expect Equity LLC purchased a new stake in shares of Gibraltar Industries in the 4th quarter valued at approximately $1,899,000. Deutsche Bank AG boosted its holdings in shares of Gibraltar Industries by 24.7% in the 4th quarter. Deutsche Bank AG now owns 45,830 shares of the construction company's stock valued at $2,699,000 after buying an additional 9,081 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Gibraltar Industries by 76.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock valued at $11,315,000 after buying an additional 82,965 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of Gibraltar Industries stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the completion of the transaction, the director now owns 11,976 shares of the company's stock, valued at $697,122.96. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

Gibraltar Industries Trading Up 0.1%

Shares of ROCK traded up $0.07 during trading hours on Thursday, reaching $59.31. The company had a trading volume of 80,902 shares, compared to its average volume of 228,706. The firm has a 50 day simple moving average of $56.74 and a 200-day simple moving average of $61.71. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.29 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The business had revenue of $290.02 million for the quarter, compared to analysts' expectations of $296.77 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.