According to Zacks, “Gibraltar Industries has been steadily boosting its business on the back of its productive value-creating growth strategy. Moreover, the strategic acquisition of Nexus is expected to fortify the formerly acquired RBI business. This will widen the company’s commercial greenhouse market share in the near term. Also, restructuring programs and capital-deployment plans have been driving near-term growth. However, certain headwinds, such as a stronger U.S. dollar, extensive industry rivalry or unfavorable government construction spending pattern, might limit the benefits generated from the above mentioned aspects. Over the last 60 days, the Zacks Consensus Estimate for the stock has not changed for 2016, however has been marginally revised upward for 2017. “
Separately, Wedbush reissued an outperform rating and issued a $38.00 target price on shares of Gibraltar Industries in a research note on Thursday, July 28th.
Gibraltar Industries (NASDAQ:ROCK) opened at 36.72 on Thursday. Gibraltar Industries has a 1-year low of $18.23 and a 1-year high of $40.00. The firm has a market cap of $1.16 billion, a P/E ratio of 31.36 and a beta of 2.25. The firm has a 50-day moving average of $37.32 and a 200 day moving average of $33.15.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The business had revenue of $263.10 million for the quarter, compared to the consensus estimate of $271.27 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts predict that Gibraltar Industries will post $1.45 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA purchased a new stake in Gibraltar Industries during the first quarter valued at about $529,000. Teachers Advisors Inc. increased its stake in Gibraltar Industries by 11.3% in the first quarter. Teachers Advisors Inc. now owns 54,152 shares of the company’s stock valued at $1,549,000 after buying an additional 5,478 shares during the period. Prudential Financial Inc. increased its stake in Gibraltar Industries by 2.8% in the first quarter. Prudential Financial Inc. now owns 72,785 shares of the company’s stock valued at $2,082,000 after buying an additional 2,000 shares during the period. BlackRock Group LTD increased its stake in Gibraltar Industries by 10.2% in the first quarter. BlackRock Group LTD now owns 60,825 shares of the company’s stock valued at $1,739,000 after buying an additional 5,630 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Gibraltar Industries by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,936,617 shares of the company’s stock valued at $55,387,000 after buying an additional 10,763 shares during the period. 98.10% of the stock is currently owned by hedge funds and other institutional investors.
About Gibraltar Industries
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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