BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a hold rating to a buy rating in a research report sent to investors on Thursday.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Gibraltar Industries from a hold rating to a buy rating and set a $41.00 target price on the stock in a research report on Tuesday, May 8th. ValuEngine upgraded shares of Gibraltar Industries from a sell rating to a hold rating in a research report on Monday, May 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Gibraltar Industries has a consensus rating of Buy and a consensus price target of $42.00.
Gibraltar Industries traded down $0.25, reaching $43.35, during mid-day trading on Thursday, according to Marketbeat Ratings. 54,639 shares of the stock were exchanged, compared to its average volume of 206,353. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $44.95. The firm has a market cap of $1.40 billion, a P/E ratio of 21.27 and a beta of 1.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.32 and a current ratio of 2.89.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Gibraltar Industries during the first quarter worth approximately $116,000. US Bancorp DE raised its stake in Gibraltar Industries by 54.4% during the first quarter. US Bancorp DE now owns 3,977 shares of the construction company’s stock worth $134,000 after purchasing an additional 1,402 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Gibraltar Industries during the second quarter worth approximately $252,000. Xact Kapitalforvaltning AB purchased a new position in Gibraltar Industries during the first quarter worth approximately $230,000. Finally, Trexquant Investment LP purchased a new position in Gibraltar Industries during the first quarter worth approximately $233,000.
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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