BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a hold rating to a buy rating in a report released on Saturday morning, BidAskClub reports.
Separately, Zacks Investment Research lowered Gibraltar Industries from a hold rating to a sell rating and set a $39.00 price objective on the stock. in a research report on Tuesday, May 28th.
Shares of Gibraltar Industries stock traded up $0.16 during trading hours on Friday, reaching $41.33. 313,250 shares of the company were exchanged, compared to its average volume of 192,303. Gibraltar Industries has a 1 year low of $31.96 and a 1 year high of $49.10. The firm has a fifty day moving average of $39.77. 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 has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.31 and a beta of 1.53.
Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Friday, July 26th. The construction company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The company had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $273.30 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Gibraltar Industries will post 2.48 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gibraltar Industries by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,185 shares of the construction company’s stock valued at $89,000 after buying an additional 533 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Gibraltar Industries in the first quarter worth $246,000. Sawtooth Solutions LLC purchased a new stake in Gibraltar Industries in the first quarter worth $263,000. Campbell & CO Investment Adviser LLC purchased a new stake in Gibraltar Industries in the second quarter worth $265,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Gibraltar Industries in the first quarter worth $287,000.
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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