Gibraltar Industries, Inc. (NASDAQ:ROCK) Position Boosted by Millennium Management LLC

Millennium Management LLC grew its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ROCK. Sterling Capital Management LLC boosted its stake in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after purchasing an additional 458 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after purchasing an additional 530 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of Gibraltar Industries during the fourth quarter valued at approximately $53,000. KBC Group NV raised its holdings in shares of Gibraltar Industries by 50.2% during the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after buying an additional 480 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Gibraltar Industries by 41.5% during the fourth quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after buying an additional 547 shares during the period. Institutional investors own 98.39% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Gibraltar Industries

In other news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $57.58, for a total value of $153,738.60. Following the sale, the director now owns 13,148 shares of the company's stock, valued at approximately $757,061.84. The trade was a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

Gibraltar Industries Price Performance

Shares of ROCK traded up $1.66 during trading hours on Tuesday, reaching $60.74. 198,252 shares of the company's stock traded hands, compared to its average volume of 229,060. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $81.90. The business's fifty day simple moving average is $56.77 and its two-hundred day simple moving average is $61.72. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.59 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its 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. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm had revenue of $290.02 million during the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the prior year, the firm posted $0.80 EPS. Gibraltar Industries's revenue was down .9% compared to the same quarter last year. On average, equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Gibraltar Industries 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.