BidaskClub Lowers Gibraltar Industries, Inc. (ROCK) to Hold
BidaskClub lowered shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
ROCK has been the topic of several other research reports. Zacks Investment Research upgraded shares of Gibraltar Industries from a sell rating to a hold rating in a report on Tuesday, July 11th. KeyCorp reaffirmed an overweight rating and issued a $19.00 price target (down from $49.00) on shares of Gibraltar Industries in a research note on Thursday, May 11th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Gibraltar Industries presently has a consensus rating of Buy and an average target price of $37.00.
Shares of Gibraltar Industries (NASDAQ:ROCK) traded up 0.374% during mid-day trading on Wednesday, hitting $33.525. 95,678 shares of the company’s stock traded hands. Gibraltar Industries has a 52 week low of $30.40 and a 52 week high of $48.05. The company has a market cap of $1.06 billion, a PE ratio of 37.711 and a beta of 1.86. The firm has a 50-day moving average of $33.21 and a 200 day moving average of $39.01.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Friday, May 5th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The firm had revenue of $206.60 million during the quarter, compared to analyst estimates of $209.88 million. Gibraltar Industries had a net margin of 2.77% and a return on equity of 10.49%. Gibraltar Industries’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. Equities research analysts predict that Gibraltar Industries will post $1.63 EPS for the current year.
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A number of large investors have recently bought and sold shares of ROCK. Ameritas Investment Partners Inc. bought a new stake in Gibraltar Industries during the first quarter valued at $112,000. LS Investment Advisors LLC increased its stake in Gibraltar Industries by 175.4% in the first quarter. LS Investment Advisors LLC now owns 3,368 shares of the construction company’s stock valued at $139,000 after buying an additional 2,145 shares during the period. State of Alaska Department of Revenue increased its stake in Gibraltar Industries by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 3,490 shares of the construction company’s stock valued at $143,000 after buying an additional 100 shares during the period. GW&K Investment Management LLC bought a new stake in Gibraltar Industries during the first quarter valued at $209,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Gibraltar Industries by 4,153.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,317 shares of the construction company’s stock valued at $221,000 after buying an additional 5,192 shares during the period.
Gibraltar Industries Company Profile
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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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