Jane Street Group LLC Has $3.73 Million Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Jane Street Group LLC raised its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 50.6% during the third quarter, HoldingsChannel.com reports. The fund owned 53,397 shares of the construction company’s stock after buying an additional 17,938 shares during the quarter. Jane Street Group LLC’s holdings in Gibraltar Industries were worth $3,734,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries during the 2nd quarter valued at about $404,000. Louisiana State Employees Retirement System boosted its holdings in shares of Gibraltar Industries by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after buying an additional 200 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries during the 2nd quarter worth approximately $39,000. Commonwealth Equity Services LLC increased its stake in shares of Gibraltar Industries by 67.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,533 shares of the construction company’s stock valued at $516,000 after acquiring an additional 3,029 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Gibraltar Industries during the second quarter worth $55,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Performance

ROCK stock opened at $60.59 on Friday. Gibraltar Industries, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $87.40. The stock’s 50 day simple moving average is $68.99 and its 200 day simple moving average is $69.64. The company has a market cap of $1.84 billion, a P/E ratio of 16.83 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. During the same period last year, the business earned $1.38 EPS. Gibraltar Industries’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts predict that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.