BidaskClub Lowers Gibraltar Industries, Inc. (NASDAQ:ROCK) to Hold

BidaskClub downgraded shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) from a buy rating to a hold rating in a report published on Wednesday morning.

Several other research analysts have also issued reports on ROCK. Zacks Investment Research upgraded shares of Gibraltar Industries from a sell rating to a hold rating in a research note on Tuesday, March 14th. KeyCorp reiterated an overweight rating and issued a $19.00 price target (down from $49.00) on shares of Gibraltar Industries in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $37.00.

Gibraltar Industries (NASDAQ:ROCK) traded up 0.374% during midday trading on Wednesday, reaching $33.525. 95,678 shares of the company’s stock traded hands. The company’s 50-day moving average price is $33.21 and its 200-day moving average price is $39.01. Gibraltar Industries has a 52-week low of $30.40 and a 52-week high of $48.05. The stock has a market cap of $1.06 billion, a P/E ratio of 37.711 and a beta of 1.86.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Friday, May 5th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $206.60 million during the quarter, compared to the consensus estimate of $209.88 million. Gibraltar Industries had a return on equity of 10.49% and a net margin of 2.77%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities analysts predict that Gibraltar Industries will post $1.63 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Gibraltar Industries during the fourth quarter valued at about $1,820,000. Comerica Bank raised its position in shares of Gibraltar Industries by 6.4% in the fourth quarter. Comerica Bank now owns 33,538 shares of the construction company’s stock valued at $1,450,000 after buying an additional 2,021 shares during the last quarter. State Street Corp raised its position in shares of Gibraltar Industries by 5.5% in the fourth quarter. State Street Corp now owns 748,396 shares of the construction company’s stock valued at $31,171,000 after buying an additional 38,935 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Gibraltar Industries during the fourth quarter valued at about $294,000. Finally, Tudor Investment Corp Et Al raised its position in shares of Gibraltar Industries by 21.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 8,052 shares of the construction company’s stock valued at $335,000 after buying an additional 1,406 shares during the last quarter.

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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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