Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 27.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,481,674 shares of the construction company's stock after acquiring an additional 322,422 shares during the quarter. Victory Capital Management Inc. owned 4.88% of Gibraltar Industries worth $103,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ROCK. Swedbank AB purchased a new stake in Gibraltar Industries during the 1st quarter valued at $17,016,000. Pacer Advisors Inc. increased its position in Gibraltar Industries by 14.6% during the second quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company's stock valued at $74,320,000 after acquiring an additional 138,194 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Gibraltar Industries by 196.4% during the 2nd quarter. Millennium Management LLC now owns 123,438 shares of the construction company's stock worth $8,462,000 after acquiring an additional 81,791 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Gibraltar Industries by 14.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 648,054 shares of the construction company's stock worth $45,318,000 after purchasing an additional 81,401 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Gibraltar Industries in the 1st quarter worth approximately $5,845,000. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Price Performance

ROCK traded down $0.35 on Thursday, reaching $72.01. 125,575 shares of the stock were exchanged, compared to its average volume of 176,356. The company's 50-day moving average price is $68.96 and its 200 day moving average price is $70.27. The firm has a market capitalization of $2.18 billion, a PE ratio of 20.10 and a beta of 1.14. Gibraltar Industries, Inc. has a fifty-two week low of $61.92 and a fifty-two week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping 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 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 prior year, the firm earned $1.38 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. As a group, equities analysts forecast that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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