Gibraltar Industries Inc (NASDAQ:ROCK) Shares Sold by Millennium Management LLC

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Millennium Management LLC cut its holdings in Gibraltar Industries Inc (NASDAQ:ROCK) by 60.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 391,608 shares of the construction company’s stock after selling 592,430 shares during the quarter. Millennium Management LLC’s holdings in Gibraltar Industries were worth $17,990,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Gibraltar Industries by 1.3% in the 2nd quarter. BlackRock Inc. now owns 4,703,458 shares of the construction company’s stock valued at $189,832,000 after buying an additional 62,281 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Gibraltar Industries by 2.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,390,684 shares of the construction company’s stock valued at $96,488,000 after purchasing an additional 56,207 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Gibraltar Industries by 6.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,383,339 shares of the construction company’s stock valued at $55,832,000 after purchasing an additional 80,393 shares during the last quarter. State Street Corp lifted its holdings in Gibraltar Industries by 0.7% in the 3rd quarter. State Street Corp now owns 935,493 shares of the construction company’s stock valued at $42,977,000 after purchasing an additional 6,945 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Gibraltar Industries by 12.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 540,641 shares of the construction company’s stock valued at $21,820,000 after purchasing an additional 58,617 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

A number of equities research analysts have recently issued reports on ROCK shares. ValuEngine raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. BidaskClub cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

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

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

Gibraltar Industries 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.

See Also: Bond

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

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