Separately, Zacks Investment Research cut shares of Gibraltar Industries from a hold rating to a sell rating and set a $39.00 price objective on the stock. in a research report on Tuesday, May 28th.
Gibraltar Industries stock opened at $42.07 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 1.92. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 19.66 and a beta of 1.53. Gibraltar Industries has a 1 year low of $31.96 and a 1 year high of $49.10. The firm’s 50 day moving average price is $40.63 and its two-hundred day moving average price is $39.38.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sawtooth Solutions LLC purchased a new position in Gibraltar Industries during the 1st quarter worth approximately $263,000. Mason Street Advisors LLC boosted its stake in shares of Gibraltar Industries by 3.5% during the 1st quarter. Mason Street Advisors LLC now owns 10,306 shares of the construction company’s stock valued at $419,000 after buying an additional 348 shares during the period. American International Group Inc. boosted its stake in shares of Gibraltar Industries by 54.1% during the 1st quarter. American International Group Inc. now owns 38,212 shares of the construction company’s stock valued at $1,552,000 after buying an additional 13,410 shares during the period. California Public Employees Retirement System boosted its stake in shares of Gibraltar Industries by 22.3% during the 1st quarter. California Public Employees Retirement System now owns 85,162 shares of the construction company’s stock valued at $3,458,000 after buying an additional 15,501 shares during the period. Finally, Norges Bank acquired a new stake in shares of Gibraltar Industries during the 4th quarter valued at $23,210,000.
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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