Aurora Investment Counsel Invests $1.71 Million in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Aurora Investment Counsel acquired a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,451 shares of the construction company’s stock, valued at approximately $1,710,000. Aurora Investment Counsel owned approximately 0.08% of Gibraltar Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROCK. Oppenheimer Asset Management Inc. grew its stake in Gibraltar Industries by 21.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,477 shares of the construction company’s stock valued at $1,082,000 after acquiring an additional 2,691 shares in the last quarter. Victory Capital Management Inc. boosted its stake 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 worth $103,613,000 after purchasing an additional 322,422 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Gibraltar Industries by 13.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,823 shares of the construction company’s stock worth $2,016,000 after purchasing an additional 3,455 shares during the period. Atria Investments Inc boosted its stake in shares of Gibraltar Industries by 14.8% during the 3rd quarter. Atria Investments Inc now owns 4,085 shares of the construction company’s stock worth $286,000 after purchasing an additional 528 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Gibraltar Industries by 271.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after buying an additional 277 shares during the period. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $68.92 on Thursday. Gibraltar Industries, Inc. has a one year low of $61.92 and a one year high of $87.40. The firm has a market cap of $2.09 billion, a P/E ratio of 19.14 and a beta of 1.14. The firm has a 50-day simple moving average of $69.39 and a 200-day simple moving average of $70.23.

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

Analyst Ratings Changes

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

About Gibraltar Industries

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.