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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 5.7% during the fourth quarter, according to its most recent disclosure 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 approximately 1.00% of Gibraltar Industries worth $17,913,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Gibraltar Industries by 37.8% during the 4th quarter. Sei Investments Co. now owns 27,373 shares of the construction company’s stock worth $1,612,000 after acquiring an additional 7,513 shares during the period. Geode Capital Management LLC lifted its stake in Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company’s stock worth $50,359,000 after purchasing an additional 15,889 shares during the last quarter. Barclays PLC boosted its holdings in shares of Gibraltar Industries by 93.8% in the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock valued at $7,226,000 after purchasing an additional 50,017 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Gibraltar Industries by 4.7% in the 4th quarter. Rhumbline Advisers now owns 95,220 shares of the construction company’s stock valued at $5,608,000 after purchasing an additional 4,280 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Gibraltar Industries by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock valued at $176,122,000 after purchasing an additional 15,201 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Trading Down 0.6%

ROCK opened at $61.23 on Friday. The company has a market cap of $1.81 billion, a P/E ratio of 13.70 and a beta of 1.30. The company’s 50 day moving average is $57.50 and its 200-day moving average is $62.26. Gibraltar Industries, Inc. has a 1-year low of $48.96 and a 1-year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $290.02 million for the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.80 earnings per share. On average, equities analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Insider Activity

In other news, Director James B. Nish sold 1,172 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the transaction, the director now owns 11,976 shares of the company’s stock, valued at approximately $697,122.96. This trade represents a 8.91% 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 Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday.

Gibraltar Industries Company 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.