Gibraltar Industries (NASDAQ:ROCK) Raised to “Buy” at BidaskClub

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BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a hold rating to a buy rating in a research note released on Saturday, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of Gibraltar Industries from a hold rating to a sell rating and set a $39.00 price target for the company. in a report on Tuesday, May 28th.

Shares of ROCK stock opened at $41.07 on Friday. Gibraltar Industries has a 12-month low of $31.96 and a 12-month high of $49.10. The company has a market cap of $1.33 billion, a P/E ratio of 19.19 and a beta of 1.53. The company’s 50-day moving average price is $39.94. The company has a quick ratio of 1.47, a current ratio of 1.92 and a debt-to-equity ratio of 0.03.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Friday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.05). Gibraltar Industries had a net margin of 5.82% and a return on equity of 11.80%. The firm had revenue of $262.70 million for the quarter, compared to the consensus estimate of $273.30 million. During the same period in the prior year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts predict that Gibraltar Industries will post 2.48 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Gibraltar Industries in the 4th quarter valued at about $23,210,000. Public Employees Retirement Association of Colorado increased its position in Gibraltar Industries by 12.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 540,641 shares of the construction company’s stock valued at $21,820,000 after acquiring an additional 58,617 shares in the last quarter. Geode Capital Management LLC increased its position in Gibraltar Industries by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 359,538 shares of the construction company’s stock valued at $12,795,000 after acquiring an additional 20,112 shares in the last quarter. Royce & Associates LP increased its position in Gibraltar Industries by 3.4% in the 1st quarter. Royce & Associates LP now owns 307,603 shares of the construction company’s stock valued at $12,492,000 after acquiring an additional 10,014 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Gibraltar Industries by 49.8% in the 4th quarter. American Century Companies Inc. now owns 270,250 shares of the construction company’s stock valued at $9,618,000 after acquiring an additional 89,873 shares in the last quarter.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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