Sidoti started coverage on shares of Gibraltar Industries (NASDAQ:ROCK) in a report issued on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $40.00 price target on the construction company’s stock.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Gibraltar Industries from a strong-buy rating to a buy rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Gibraltar Industries from a hold rating to a buy rating and set a $40.00 price target on the stock in a research report on Wednesday, January 2nd. Finally, ValuEngine upgraded shares of Gibraltar Industries from a sell rating to a hold rating in a research report on Thursday, November 15th.
Shares of NASDAQ ROCK traded up $0.01 during midday trading on Tuesday, hitting $36.40. 3,533 shares of the company traded hands, compared to its average volume of 192,727. Gibraltar Industries has a 12-month low of $30.06 and a 12-month high of $49.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.78 and a quick ratio of 2.27. The stock has a market capitalization of $1.16 billion, a P/E ratio of 21.27 and a beta of 1.62.
Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Thursday, November 1st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. Gibraltar Industries had a net margin of 7.44% and a return on equity of 12.23%. The company had revenue of $280.10 million for the quarter, compared to analysts’ expectations of $287.93 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. Gibraltar Industries’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that Gibraltar Industries will post 2.07 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. First Hawaiian Bank increased its stake in shares of Gibraltar Industries by 18.4% in the fourth quarter. First Hawaiian Bank now owns 13,546 shares of the construction company’s stock worth $482,000 after purchasing an additional 2,103 shares in the last quarter. Vanguard Group Inc grew its stake in Gibraltar Industries by 1.1% during the third quarter. Vanguard Group Inc now owns 1,838,349 shares of the construction company’s stock valued at $83,829,000 after acquiring an additional 20,899 shares in the last quarter. Vanguard Group Inc. lifted its position in Gibraltar Industries by 1.1% during the third quarter. Vanguard Group Inc. now owns 1,838,349 shares of the construction company’s stock valued at $83,829,000 after purchasing an additional 20,899 shares during the last quarter. Morgan Stanley lifted its position in Gibraltar Industries by 40.0% during the third quarter. Morgan Stanley now owns 99,662 shares of the construction company’s stock valued at $4,544,000 after purchasing an additional 28,452 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Gibraltar Industries by 8.1% during the third quarter. Legal & General Group Plc now owns 74,205 shares of the construction company’s stock valued at $3,389,000 after purchasing an additional 5,585 shares during the last quarter.
About Gibraltar Industries
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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