10,089 Shares in Gibraltar Industries, Inc. $ROCK Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK) in the third quarter, HoldingsChannel reports. The fund purchased 10,089 shares of the construction company’s stock, valued at approximately $634,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Robeco Schweiz AG acquired a new stake in Gibraltar Industries in the third quarter worth $11,304,000. Qube Research & Technologies Ltd grew its position in shares of Gibraltar Industries by 75.6% during the second quarter. Qube Research & Technologies Ltd now owns 184,555 shares of the construction company’s stock worth $10,889,000 after acquiring an additional 79,460 shares during the last quarter. Man Group plc increased its holdings in shares of Gibraltar Industries by 199.5% in the 2nd quarter. Man Group plc now owns 100,308 shares of the construction company’s stock worth $5,918,000 after acquiring an additional 66,820 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Gibraltar Industries by 253.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,919 shares of the construction company’s stock worth $5,187,000 after acquiring an additional 63,028 shares during the period. Finally, Jane Street Group LLC lifted its position in Gibraltar Industries by 150.5% in the 1st quarter. Jane Street Group LLC now owns 102,703 shares of the construction company’s stock valued at $6,025,000 after purchasing an additional 61,702 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Gibraltar Industries Stock Down 0.5%

Shares of Gibraltar Industries stock opened at $51.69 on Wednesday. Gibraltar Industries, Inc. has a 12-month low of $42.86 and a 12-month high of $75.08. The stock has a market capitalization of $1.53 billion, a P/E ratio of 646.21, a PEG ratio of 0.80 and a beta of 1.32. The stock has a 50 day moving average price of $51.24 and a two-hundred day moving average price of $58.31.

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.