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.
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.
Recommended Story: Ex-Dividend
Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.