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

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

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.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Friday, July 26th. The construction company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.05). Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The business had revenue of $262.70 million during the quarter, compared to the consensus estimate of $273.30 million. During the same quarter last year, the firm posted $0.71 earnings per share. Gibraltar Industries’s revenue was down 1.2% compared to the same quarter last year. On average, 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. 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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