Gibraltar Industries (ROCK) Lifted to Strong-Buy at BidaskClub

Gibraltar Industries (NASDAQ:ROCK) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, January 18th.

ROCK has been the topic of several other reports. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Tuesday, November 7th. TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Finally, KeyCorp reiterated a “buy” rating and issued a $39.00 price objective on shares of Gibraltar Industries in a research report on Friday, November 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.00.

Shares of Gibraltar Industries (NASDAQ:ROCK) opened at $31.85 on Thursday. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $44.90. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1,002.93, a price-to-earnings ratio of 34.62 and a beta of 1.81.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Gibraltar Industries in the 2nd quarter valued at about $147,000. SG Americas Securities LLC acquired a new stake in Gibraltar Industries in the 3rd quarter valued at about $157,000. Profund Advisors LLC raised its holdings in Gibraltar Industries by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after acquiring an additional 480 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in Gibraltar Industries in the 2nd quarter valued at about $305,000. Finally, Penn Capital Management Co. Inc. acquired a new stake in Gibraltar Industries in the 4th quarter valued at about $294,000.

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About Gibraltar Industries

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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