Millennium Management LLC Trims Stock Position in Gibraltar Industries Inc (NASDAQ:ROCK)

Millennium Management LLC lessened its holdings in Gibraltar Industries Inc (NASDAQ:ROCK) by 60.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 391,608 shares of the construction company’s stock after selling 592,430 shares during the period. Millennium Management LLC owned about 1.21% of Gibraltar Industries worth $17,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ROCK. Mason Street Advisors LLC boosted its stake in shares of Gibraltar Industries by 1.8% during the 3rd quarter. Mason Street Advisors LLC now owns 10,942 shares of the construction company’s stock worth $503,000 after acquiring an additional 193 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Gibraltar Industries by 3.1% during the 2nd quarter. Aperio Group LLC now owns 11,169 shares of the construction company’s stock valued at $451,000 after buying an additional 336 shares in the last quarter. Arizona State Retirement System boosted its holdings in Gibraltar Industries by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 49,954 shares of the construction company’s stock worth $2,016,000 after buying an additional 449 shares during the period. Systematic Financial Management LP boosted its holdings in Gibraltar Industries by 0.6% in the 3rd quarter. Systematic Financial Management LP now owns 98,350 shares of the construction company’s stock worth $4,518,000 after buying an additional 550 shares during the period. Finally, California State Teachers Retirement System increased its stake in Gibraltar Industries by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 50,303 shares of the construction company’s stock worth $2,311,000 after buying an additional 601 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

NASDAQ ROCK opened at $52.35 on Wednesday. Gibraltar Industries Inc has a 12 month low of $31.96 and a 12 month high of $55.15. The company has a current ratio of 1.81, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.69 billion, a PE ratio of 24.46 and a beta of 1.50. The stock’s 50 day moving average is $50.99 and its 200 day moving average is $43.38.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Friday, October 25th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 6.20% and a return on equity of 12.74%. The firm had revenue of $299.20 million for the quarter, compared to analysts’ expectations of $290.20 million. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts forecast that Gibraltar Industries Inc will post 2.55 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. BidaskClub cut Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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