Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) reached a new 52-week low on Wednesday . The stock traded as low as $27.95 and last traded at $27.86, with a volume of 59,009 shares changing hands. The stock had previously closed at $28.15.

ROCK has been the topic of several research reports. Zacks Investment Research raised Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub lowered Gibraltar Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, KeyCorp reissued an “overweight” rating and issued a $19.00 target price (down previously from $49.00) on shares of Gibraltar Industries in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Gibraltar Industries currently has an average rating of “Hold” and a consensus price target of $37.00.

The firm’s 50 day moving average is $31.99 and its 200-day moving average is $36.40. The stock has a market cap of $871.97 million, a P/E ratio of 39.34 and a beta of 1.83.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Gibraltar Industries had a return on equity of 10.14% and a net margin of 2.38%. The company had revenue of $247.63 million for the quarter, compared to analysts’ expectations of $251.97 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities research analysts forecast that Gibraltar Industries, Inc. will post $1.58 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Gibraltar Industries during the first quarter valued at about $112,000. LS Investment Advisors LLC boosted its position in shares of 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 boosted its position in shares of 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. Tower Research Capital LLC TRC purchased a new position in shares of Gibraltar Industries during the second quarter valued at about $147,000. Finally, Profund Advisors LLC boosted its position in shares of Gibraltar Industries by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after buying an additional 480 shares during the period.

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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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