Gibraltar Industries (ROCK) Lifted to “Buy” at BidaskClub

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.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Thursday, July 26th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.16. Gibraltar Industries had a net margin of 7.59% and a return on equity of 12.37%. The firm had revenue of $266.04 million for the quarter, compared to analyst estimates of $261.93 million. During the same quarter last year, the business earned $0.43 earnings per share. Gibraltar Industries’s revenue was up 7.4% compared to the same quarter last year. equities analysts predict that Gibraltar Industries will post 2.08 EPS for the current year.

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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