Separately, Zacks Investment Research lowered Gibraltar Industries from a hold rating to a sell rating and set a $39.00 price target for the company. in a research report on Tuesday, May 28th.
Shares of ROCK opened at $46.67 on Thursday. The company has a market cap of $1.44 billion, a P/E ratio of 21.81 and a beta of 1.53. The stock has a fifty day moving average price of $41.37 and a 200 day moving average price of $39.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 1.47. Gibraltar Industries has a 12 month low of $31.96 and a 12 month high of $49.10.
A number of hedge funds have recently made changes to their positions in the business. Dalton Greiner Hartman Maher & Co. boosted its position in Gibraltar Industries by 13.4% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 493,439 shares of the construction company’s stock worth $19,915,000 after acquiring an additional 58,287 shares during the period. Hodges Capital Management Inc. boosted its position in Gibraltar Industries by 258.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 112,855 shares of the construction company’s stock worth $4,555,000 after acquiring an additional 81,355 shares during the period. Magnetar Financial LLC boosted its position in Gibraltar Industries by 24.9% during the 2nd quarter. Magnetar Financial LLC now owns 18,470 shares of the construction company’s stock worth $745,000 after acquiring an additional 3,687 shares during the period. Neumeier Poma Investment Counsel LLC acquired a new position in Gibraltar Industries during the 2nd quarter worth $4,068,000. Finally, Nuveen Asset Management LLC boosted its position in Gibraltar Industries by 6.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,383,339 shares of the construction company’s stock worth $55,832,000 after acquiring an additional 80,393 shares during the period. Institutional investors own 99.60% of the company’s stock.
About Gibraltar Industries
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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