5 Industrial Stocks That Are Must Buys According to Caxton Associates

Below we present the list of the 5 industrial stocks that are ‘must buys’ according to Caxton Associates. For our methodology and a more comprehensive list of stocks that Caxton Associates is bullish on, please see 10 Industrial Stocks That Are Must Buys According to Caxton Associates.

5. Gibraltar Industries Inc. (NASDAQ:ROCK)

Value of Caxton Associates’ 13F Position: $1.41 million

Number of Hedge Fund Shareholders: 18

Bruce Kovner’s Caxton Associates added a new position in Gibraltar Industries Inc (NASDAQ:ROCK) to its 13F portfolio during Q1, buying 32,703 shares. Hedge fund ownership of ROCK has rebounded by 64% since hitting a three-year low in the third quarter of 2021.

Gibraltar Industries Inc (NASDAQ:ROCK) operates across several segments, all of which experienced some positive momentum in Q1. The company’s order backlog grew by 23% during the quarter to $433 million, with its renewables and agtech segments powering that growth. Gibraltar’s residential segment also had strong bookings and margin performance. The company’s infrastructure segment experienced strong growth as well, though labor inefficiency and inflation impacted margins.

Gibraltar Industries Inc (NASDAQ:ROCK) grew adjusted revenue by 12% during the first quarter to $316 million, while its adjusted operating income was 17% higher at $27 million. Adjusted EPS was up by 11% to $0.60. For the full year, Gibraltar expects EPS of between $3.20 and $3.40 and revenue of $1.38 billion to $1.43 billion.