WINTON GROUP Ltd increased its stake in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 49.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,714 shares of the construction company’s stock after buying an additional 69,140 shares during the quarter. WINTON GROUP Ltd owned about 0.66% of Gibraltar Industries worth $9,563,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC grew its position in Gibraltar Industries by 643.8% during the second quarter. SG Americas Securities LLC now owns 25,579 shares of the construction company’s stock worth $959,000 after buying an additional 22,140 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in Gibraltar Industries during the second quarter worth approximately $1,125,000. Rhumbline Advisers grew its position in Gibraltar Industries by 2.0% during the second quarter. Rhumbline Advisers now owns 82,465 shares of the construction company’s stock worth $3,092,000 after buying an additional 1,622 shares in the last quarter. FMR LLC grew its position in Gibraltar Industries by 46.8% during the second quarter. FMR LLC now owns 1,799,845 shares of the construction company’s stock worth $67,495,000 after buying an additional 573,750 shares in the last quarter. Finally, Royce & Associates LP grew its position in Gibraltar Industries by 64.8% during the second quarter. Royce & Associates LP now owns 259,173 shares of the construction company’s stock worth $9,719,000 after buying an additional 101,875 shares in the last quarter.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. ValuEngine raised Gibraltar Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Finally, Zacks Investment Research downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, November 1st. The construction company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The firm had revenue of $280.10 million for the quarter, compared to the consensus estimate of $287.93 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. On average, analysts forecast that Gibraltar Industries Inc will post 2.07 earnings per share for the current year.
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About Gibraltar Industries
Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.
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