Y Intercept Hong Kong Ltd Makes New Investment in Gibraltar Industries, Inc. $ROCK

Y Intercept Hong Kong Ltd purchased a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,089 shares of the construction company’s stock, valued at approximately $634,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Gibraltar Industries by 0.4% in the 2nd quarter. State Street Corp now owns 1,287,811 shares of the construction company’s stock valued at $75,981,000 after purchasing an additional 5,207 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Gibraltar Industries by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 505,230 shares of the construction company’s stock valued at $30,819,000 after buying an additional 14,009 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Gibraltar Industries by 8.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 414,154 shares of the construction company’s stock worth $24,435,000 after acquiring an additional 32,624 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Gibraltar Industries by 26.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company’s stock valued at $11,401,000 after acquiring an additional 40,656 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Gibraltar Industries by 75.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 184,555 shares of the construction company’s stock valued at $10,889,000 after acquiring an additional 79,460 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on ROCK shares. CJS Securities raised shares of Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Gibraltar Industries Stock Down 0.5%

Shares of NASDAQ:ROCK opened at $51.69 on Wednesday. Gibraltar Industries, Inc. has a fifty-two week low of $42.86 and a fifty-two week high of $75.08. The firm’s 50-day simple moving average is $51.24 and its 200-day simple moving average is $58.31. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 646.21, a PEG ratio of 0.80 and a beta of 1.32.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.