Separately, Zacks Investment Research downgraded Gibraltar Industries from a hold rating to a sell rating and set a $39.00 price objective on the stock. in a report on Tuesday, May 28th.
Shares of Gibraltar Industries stock opened at $42.07 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $40.63 and its two-hundred day moving average price is $39.38. Gibraltar Industries has a 52 week low of $31.96 and a 52 week high of $49.10. The stock has a market cap of $1.35 billion, a PE ratio of 19.16 and a beta of 1.53.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Magnetar Financial LLC boosted its position in Gibraltar Industries by 24.9% during the second quarter. Magnetar Financial LLC now owns 18,470 shares of the construction company’s stock worth $745,000 after purchasing an additional 3,687 shares during the period. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Gibraltar Industries in the second quarter valued at approximately $4,068,000. Nuveen Asset Management LLC boosted its position in shares of Gibraltar Industries by 6.2% in the second quarter. Nuveen Asset Management LLC now owns 1,383,339 shares of the construction company’s stock valued at $55,832,000 after acquiring an additional 80,393 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Gibraltar Industries by 2.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,390,684 shares of the construction company’s stock valued at $96,488,000 after acquiring an additional 56,207 shares during the period. Finally, Argent Capital Management LLC bought a new stake in shares of Gibraltar Industries in the second quarter valued at approximately $1,511,000.
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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