Gibraltar Industries (NASDAQ:ROCK) Lifted to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a strong-buy rating in a report issued on Thursday, BidAskClub reports.

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.



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

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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