Gibraltar Industries (NASDAQ:ROCK) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a strong-buy rating in a research note released on Monday.

Gibraltar Industries Stock Up 0.2 %

ROCK stock opened at $67.35 on Monday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 18.10 and a beta of 1.14. The business has a fifty day simple moving average of $68.17 and a 200-day simple moving average of $71.14. Gibraltar Industries has a 52 week low of $59.66 and a 52 week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. As a group, analysts expect that Gibraltar Industries will post 4.6 earnings per share for the current fiscal year.

Institutional Trading of Gibraltar Industries

A number of institutional investors and hedge funds have recently made changes to their positions in ROCK. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries during the 2nd quarter worth $39,000. GAMMA Investing LLC increased its holdings in Gibraltar Industries by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 170 shares in the last quarter. nVerses Capital LLC acquired a new stake in Gibraltar Industries in the 2nd quarter valued at $55,000. Quarry LP increased its holdings in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after purchasing an additional 802 shares in the last quarter. Finally, Point72 DIFC Ltd increased its holdings in Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock valued at $91,000 after purchasing an additional 637 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.