WINTON GROUP Ltd Increases Stake in Gibraltar Industries Inc (ROCK)

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WINTON GROUP Ltd grew its position in Gibraltar Industries Inc (NASDAQ:ROCK) by 49.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 209,714 shares of the construction company’s stock after acquiring an additional 69,140 shares during the period. WINTON GROUP Ltd’s holdings in Gibraltar Industries were worth $9,563,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Gibraltar Industries by 2.4% during the 1st quarter. Legal & General Group Plc now owns 67,854 shares of the construction company’s stock valued at $2,296,000 after acquiring an additional 1,612 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Gibraltar Industries during the 1st quarter valued at about $230,000. Principal Financial Group Inc. increased its stake in shares of Gibraltar Industries by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 243,352 shares of the construction company’s stock valued at $8,237,000 after acquiring an additional 6,231 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Gibraltar Industries by 75.2% during the 2nd quarter. First Trust Advisors LP now owns 42,710 shares of the construction company’s stock valued at $1,602,000 after acquiring an additional 18,334 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Gibraltar Industries by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 9,161 shares of the construction company’s stock valued at $344,000 after acquiring an additional 1,256 shares during the last quarter.

Shares of NASDAQ:ROCK opened at $33.53 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.78 and a quick ratio of 2.27. Gibraltar Industries Inc has a 1 year low of $29.50 and a 1 year high of $49.10. The stock has a market cap of $1.14 billion, a PE ratio of 19.61 and a beta of 1.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, November 1st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The business had revenue of $280.10 million during the quarter, compared to analysts’ expectations of $287.93 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that Gibraltar Industries Inc will post 2.07 EPS for the current year.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. BidaskClub downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th.

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Gibraltar Industries Company 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.

Further Reading: Why do company’s buyback their stock?

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)

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