SG Americas Securities LLC Takes $116,000 Position in Gibraltar Industries Inc (ROCK)

SG Americas Securities LLC acquired a new stake in Gibraltar Industries Inc (NASDAQ:ROCK) in the 1st quarter, HoldingsChannel reports. The fund acquired 3,439 shares of the construction company’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in Gibraltar Industries by 14.3% in the fourth quarter. Rhumbline Advisers now owns 79,778 shares of the construction company’s stock valued at $2,633,000 after acquiring an additional 9,992 shares in the last quarter. BlackRock Inc. boosted its stake in Gibraltar Industries by 4.4% in the fourth quarter. BlackRock Inc. now owns 4,155,757 shares of the construction company’s stock valued at $137,140,000 after acquiring an additional 174,542 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Gibraltar Industries by 19.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 195,718 shares of the construction company’s stock valued at $6,459,000 after acquiring an additional 32,468 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Gibraltar Industries by 40.0% in the fourth quarter. Two Sigma Advisers LP now owns 209,163 shares of the construction company’s stock valued at $6,902,000 after acquiring an additional 59,800 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Gibraltar Industries by 5.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,162,598 shares of the construction company’s stock valued at $38,366,000 after acquiring an additional 55,297 shares in the last quarter.

Several equities analysts have issued reports on ROCK shares. Zacks Investment Research downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. ValuEngine downgraded shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Finally, BidaskClub downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Gibraltar Industries has an average rating of “Buy” and an average target price of $42.00.

Shares of ROCK opened at $39.85 on Monday. Gibraltar Industries Inc has a fifty-two week low of $25.61 and a fifty-two week high of $40.70. The stock has a market cap of $1.27 billion, a PE ratio of 22.51 and a beta of 1.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 2.42.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Friday, May 4th. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Gibraltar Industries had a return on equity of 11.08% and a net margin of 6.72%. The business had revenue of $216.30 million for the quarter, compared to analyst estimates of $215.63 million. During the same quarter last year, the company posted $0.20 EPS. Gibraltar Industries’s quarterly revenue was up 4.7% on a year-over-year basis. sell-side analysts anticipate that Gibraltar Industries Inc will post 2.08 EPS for the current year.

Gibraltar Industries Profile

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.

Want to see what other hedge funds are holding ROCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gibraltar Industries Inc (NASDAQ:ROCK).

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

Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply