MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $17.91 Million Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,125 shares of the construction company's stock after buying an additional 16,413 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.00% of Gibraltar Industries worth $17,913,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its stake in shares of Gibraltar Industries by 645.1% during the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after acquiring an additional 458 shares during the period. Smartleaf Asset Management LLC raised its holdings in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after purchasing an additional 530 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in Gibraltar Industries during the 4th quarter valued at about $53,000. KBC Group NV lifted its position in Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after purchasing an additional 480 shares during the period. Finally, Quarry LP boosted its stake in shares of Gibraltar Industries by 41.5% in the 4th quarter. Quarry LP now owns 1,865 shares of the construction company's stock valued at $110,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock traded down $0.30 on Wednesday, hitting $61.03. 44,873 shares of the company's stock traded hands, compared to its average volume of 225,206. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $81.90. The stock has a market capitalization of $1.80 billion, a PE ratio of 13.66 and a beta of 1.30. The firm's 50-day moving average price is $57.34 and its two-hundred day moving average price is $62.12.

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 for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $290.02 million for the quarter, compared to analyst estimates of $296.77 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 2,670 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $57.58, for a total value of $153,738.60. Following the completion of the transaction, the director now directly owns 13,148 shares of the company's stock, valued at approximately $757,061.84. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Gibraltar Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

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.