Dynamic Technology Lab Private Ltd Buys Shares of 11,321 Gibraltar Industries, Inc. (NASDAQ:ROCK)

Dynamic Technology Lab Private Ltd purchased a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,321 shares of the construction company’s stock, valued at approximately $792,000.

Several other hedge funds have also recently made changes to their positions in ROCK. Vanguard Group Inc. grew its position in Gibraltar Industries by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock worth $232,622,000 after purchasing an additional 68,728 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Gibraltar Industries by 27.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after buying an additional 322,422 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Gibraltar Industries by 14.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock worth $74,320,000 after buying an additional 138,194 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Gibraltar Industries by 1.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock worth $57,882,000 after acquiring an additional 9,764 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Gibraltar Industries by 14.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company’s stock valued at $45,318,000 after acquiring an additional 81,401 shares during the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Trading Down 0.5 %

Shares of NASDAQ ROCK opened at $71.85 on Thursday. Gibraltar Industries, Inc. has a 12-month low of $61.92 and a 12-month high of $87.40. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.96 and a beta of 1.14. The firm has a 50 day moving average of $69.59 and a 200 day moving average of $70.15.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $360.43 million. During the same quarter in the previous year, the firm posted $1.38 EPS. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. Sell-side analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.