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

Dynamic Technology Lab Private Ltd acquired a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,321 shares of the construction company's stock, valued at approximately $792,000.

A number of other institutional investors and hedge funds have also modified their holdings of ROCK. Arizona State Retirement System boosted its stake in Gibraltar Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company's stock worth $584,000 after buying an additional 158 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock valued at $51,000 after acquiring an additional 170 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Gibraltar Industries by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company's stock valued at $1,049,000 after acquiring an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company's stock valued at $965,000 after acquiring an additional 211 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after purchasing an additional 277 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

Gibraltar Industries Trading Down 0.5 %

ROCK stock traded down $0.33 during trading on Thursday, hitting $71.85. The company had a trading volume of 114,312 shares, compared to its average volume of 176,382. The company has a fifty day moving average price of $69.59 and a two-hundred day moving average price of $70.16. Gibraltar Industries, Inc. has a fifty-two week low of $61.92 and a fifty-two week high of $87.40. The company has a market cap of $2.18 billion, a P/E ratio of 19.96 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its 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. The company had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. On average, analysts expect that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research note 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.