AQR Capital Management LLC Purchases 68,771 Shares of 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 lifted its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 310.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 90,900 shares of the construction company's stock after purchasing an additional 68,771 shares during the quarter. AQR Capital Management LLC owned 0.31% of Gibraltar Industries worth $5,332,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Gibraltar Industries in the 1st quarter worth about $36,000. GAMMA Investing LLC grew its holdings in shares of Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares during the last quarter. State of Wyoming bought a new stake in shares of Gibraltar Industries in the 1st quarter worth about $56,000. Smartleaf Asset Management LLC grew its holdings 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 last quarter. Finally, Nisa Investment Advisors LLC grew its holdings 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 last quarter. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Stock Down 3.3%

Shares of NASDAQ ROCK opened at $60.44 on Friday. The firm's 50-day simple moving average is $62.86 and its 200 day simple moving average is $60.38. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.96 and a beta of 1.26. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $74.97.

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

Analysts Set New Price Targets

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

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.

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