Macquarie Group Ltd. Grows Position in Gibraltar Industries, Inc. (ROCK)

Macquarie Group Ltd. increased its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 55.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,900 shares of the construction company’s stock after purchasing an additional 23,400 shares during the quarter. Macquarie Group Ltd. owned 0.21% of Gibraltar Industries worth $2,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROCK. Tower Research Capital LLC TRC bought a new stake in shares of Gibraltar Industries in the 2nd quarter worth approximately $147,000. SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $157,000. Profund Advisors LLC raised its holdings in shares of Gibraltar Industries by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after purchasing an additional 480 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Gibraltar Industries by 1.4% in the 2nd quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after purchasing an additional 101 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Gibraltar Industries in the 2nd quarter worth approximately $305,000.

Shares of Gibraltar Industries, Inc. (ROCK) opened at $31.05 on Wednesday. Gibraltar Industries, Inc. has a 1-year low of $25.61 and a 1-year high of $46.50. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1,012.44, a P/E ratio of 19.97 and a beta of 1.77.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.11. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The business had revenue of $274.57 million for the quarter, compared to analyst estimates of $275.80 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. analysts forecast that Gibraltar Industries, Inc. will post 1.64 EPS for the current fiscal year.

A number of analysts recently commented on the stock. KeyCorp reiterated a “buy” rating and issued a $39.00 target price on shares of Gibraltar Industries in a report on Sunday, October 15th. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, November 7th. Finally, TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.00.

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Gibraltar Industries Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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