Gibraltar Industries Inc. (NASDAQ:ROCK)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research note issued to investors on Friday. They presently have a $45.00 price objective on the stock. Wedbush’s target price indicates a potential upside of 20.19% from the company’s previous close.

Separately, Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Monday, July 18th.

Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 37.44 on Friday. The stock has a 50 day moving average price of $37.46 and a 200-day moving average price of $32.87. Gibraltar Industries has a one year low of $18.23 and a one year high of $40.00. The company has a market capitalization of $1.18 billion, a P/E ratio of 31.97 and a beta of 2.25.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The business had revenue of $263.10 million for the quarter, compared to analyst estimates of $271.27 million. Gibraltar Industries had a return on equity of 11.17% and a net margin of 3.44%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. Equities research analysts predict that Gibraltar Industries will post $1.45 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. MSI Financial Services Inc increased its stake in shares of Gibraltar Industries by 1,815.3% in the third quarter. MSI Financial Services Inc now owns 2,873 shares of the company’s stock worth $107,000 after buying an additional 2,723 shares in the last quarter. PineBridge Investments L.P. increased its stake in shares of Gibraltar Industries by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,772 shares of the company’s stock worth $119,000 after buying an additional 140 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Gibraltar Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,119 shares of the company’s stock worth $130,000 after buying an additional 499 shares in the last quarter. KBC Group NV purchased a new stake in shares of Gibraltar Industries during the second quarter worth approximately $137,000. Finally, BlackRock Inc. increased its stake in shares of Gibraltar Industries by 120.5% in the second quarter. BlackRock Inc. now owns 4,911 shares of the company’s stock worth $155,000 after buying an additional 2,684 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.

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