Gibraltar Industries Inc. (NASDAQ:ROCK) – Research analysts at Seaport Global Securities decreased their FY2016 earnings estimates for shares of Gibraltar Industries in a research report issued on Tuesday. Seaport Global Securities analyst W. Liptak now anticipates that the firm will post earnings of $1.46 per share for the year, down from their previous forecast of $1.47. Seaport Global Securities also issued estimates for Gibraltar Industries’ Q1 2017 earnings at $0.28 EPS.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The firm earned $263.10 million during the quarter, compared to analyst estimates of $271.27 million. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Gibraltar Industries in a research report on Thursday, July 28th.
Shares of Gibraltar Industries (NASDAQ:ROCK) traded down 2.37% during trading on Thursday, reaching $37.42. 93,406 shares of the company’s stock were exchanged. Gibraltar Industries has a 12 month low of $18.23 and a 12 month high of $40.00. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 31.96 and a beta of 2.25. The stock has a 50-day moving average price of $37.49 and a 200 day moving average price of $32.84.
Large investors have recently added to or reduced their stakes in the stock. MSI Financial Services Inc raised its stake in Gibraltar Industries by 1,815.3% in the third quarter. MSI Financial Services Inc now owns 2,873 shares of the company’s stock valued at $107,000 after buying an additional 2,723 shares during the last quarter. PineBridge Investments L.P. raised its stake in Gibraltar Industries by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,772 shares of the company’s stock valued at $119,000 after buying an additional 140 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Gibraltar Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,119 shares of the company’s stock valued at $130,000 after buying an additional 499 shares during the last quarter. KBC Group NV acquired a new stake in Gibraltar Industries during the second quarter valued at approximately $137,000. Finally, BlackRock Inc. raised its stake in Gibraltar Industries by 120.5% in the second quarter. BlackRock Inc. now owns 4,911 shares of the company’s stock valued at $155,000 after buying an additional 2,684 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
Gibraltar Industries Company 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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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