Citadel Advisors LLC Acquires 21,086 Shares of Gibraltar Industries, Inc. (ROCK)
Citadel Advisors LLC grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 55.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,167 shares of the construction company’s stock after buying an additional 21,086 shares during the quarter. Citadel Advisors LLC owned 0.19% of Gibraltar Industries worth $1,843,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Gibraltar Industries in the 2nd quarter valued at $147,000. SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries in the 3rd quarter valued at $157,000. Profund Advisors LLC raised its stake 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 valued at $205,000 after buying an additional 480 shares in the last quarter. Aperio Group LLC raised its stake 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 valued at $257,000 after buying an additional 101 shares in the last quarter. Finally, Petrus Trust Company LTA acquired a new position in shares of Gibraltar Industries in the 2nd quarter valued at $305,000.
Shares of Gibraltar Industries, Inc. (ROCK) opened at $31.05 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41. Gibraltar Industries, Inc. has a fifty-two week low of $25.61 and a fifty-two week high of $46.50. The firm has a market cap of $1,012.44, a PE ratio of 19.97 and a beta of 1.77.
Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ 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 prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. research analysts expect that Gibraltar Industries, Inc. will post 1.64 earnings per share for the current year.
A number of equities analysts have recently issued reports on the stock. KeyCorp restated a “buy” rating and issued a $39.00 price objective on shares of Gibraltar Industries in a research note 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 price objective for the company in a research note on Tuesday, November 7th. Finally, TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price 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.
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