24,451 Shares in Gibraltar Industries, Inc. (NASDAQ:ROCK) Acquired by Aurora Investment Counsel

Aurora Investment Counsel acquired a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 24,451 shares of the construction company’s stock, valued at approximately $1,710,000.

Other large investors have also recently modified their holdings of the company. ProShare Advisors LLC grew its position in Gibraltar Industries by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,162 shares of the construction company’s stock worth $496,000 after purchasing an additional 426 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Gibraltar Industries by 18.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,188 shares of the construction company’s stock valued at $1,062,000 after acquiring an additional 2,031 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Gibraltar Industries by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock valued at $232,622,000 after acquiring an additional 68,728 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Gibraltar Industries by 110.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,503 shares of the construction company’s stock valued at $1,168,000 after acquiring an additional 7,627 shares during the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Gibraltar Industries in the 1st quarter valued at $447,000. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $68.92 on Thursday. The company’s fifty day moving average price is $69.39 and its 200 day moving average price is $70.23. Gibraltar Industries, Inc. has a 1 year low of $61.92 and a 1 year high of $87.40. The company has a market capitalization of $2.09 billion, a PE ratio of 19.14 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.

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.