AQR Capital Management LLC Boosts Stock Position in Gibraltar Industries, Inc. $ROCK

Key Points

• AQR Capital Management LLC increased its holdings in Gibraltar Industries by 310.8%, acquiring an additional 68,771 shares, bringing their total to 90,900 shares valued at $5.3 million.
• Gibraltar Industries reported earnings per share (EPS) of $1.13, missing the consensus estimate of $1.16, with quarterly revenue of $309.5 million compared to forecasts of $381.4 million.
• Shares of Gibraltar Industries are currently down 3.3%, with a market cap of $1.78 billion and analysts recently adjusting their rating from "buy" to "hold".

AQR Capital Management LLC grew its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 310.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,900 shares of the construction company's stock after acquiring an additional 68,771 shares during the quarter. AQR Capital Management LLC owned about 0.31% of Gibraltar Industries worth $5,332,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Gibraltar Industries during the 1st quarter valued at about $36,000. GAMMA Investing LLC boosted its holdings in shares of Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after acquiring an additional 313 shares during the last quarter. State of Wyoming purchased a new stake in shares of Gibraltar Industries during the 1st quarter valued at about $56,000. Smartleaf Asset Management LLC lifted its stake in shares of Gibraltar Industries by 40.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock worth $59,000 after purchasing an additional 288 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Gibraltar Industries by 29.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock worth $67,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 98.39% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Gibraltar Industries Trading Up 5.1%

NASDAQ ROCK traded up $3.01 on Thursday, reaching $62.00. 362,369 shares of the stock were exchanged, compared to its average volume of 186,278. Gibraltar Industries, Inc. has a one year low of $48.96 and a one year high of $74.97. The firm has a market capitalization of $1.83 billion, a PE ratio of 14.87, a PEG ratio of 0.91 and a beta of 1.26. The company's 50-day simple moving average is $62.72 and its two-hundred day simple moving average is $60.24.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.03). The firm had revenue of $309.50 million for the quarter, compared to the consensus estimate of $381.40 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.Gibraltar Industries's revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 EPS. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

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.