Zacks Investment Research downgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Over the past month, Gibraltar Industries’ shares have outperformed the industry. The company perceives that its value-creation strategy will continue to boost results in the quarters ahead. Moreover, newly made acquisitions, portfolio management moves and innovation investments are anticipated to generate benefits going forward. However, dreary industrial and infrastructure market conditions might continue to mar the company’s top-line performances in the quarters ahead. Moreover, other headwinds such as customer concentration risks and unfavorable government funding programs remains major causes of concern. Over the last 60 days, Zacks Consensus Estimate for the stock has remained unchanged for 2018.”

A number of other research firms have also recently commented on ROCK. BidaskClub raised Gibraltar Industries from a sell rating to a hold rating in a report on Wednesday, December 27th. KeyCorp reissued a buy rating and set a $39.00 price target on shares of Gibraltar Industries in a report on Sunday, October 15th. Finally, TheStreet raised Gibraltar Industries from a c rating to a b- rating in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Gibraltar Industries presently has a consensus rating of Buy and a consensus target price of $42.00.

Gibraltar Industries (NASDAQ:ROCK) traded up $0.60 during trading hours on Tuesday, hitting $36.50. The stock had a trading volume of 367,435 shares, compared to its average volume of 318,815. The company has a market cap of $1,140.00, a P/E ratio of 39.25 and a beta of 1.78. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. Gibraltar Industries has a 1 year low of $25.61 and a 1 year high of $45.05.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The firm had revenue of $274.57 million during the quarter, compared to the consensus estimate of $275.80 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue was up .7% compared to the same quarter last year. analysts expect that Gibraltar Industries will post 1.64 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Gibraltar Industries by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,426,842 shares of the construction company’s stock worth $75,596,000 after buying an additional 34,097 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Gibraltar Industries by 133.5% during the 3rd quarter. Pzena Investment Management LLC now owns 1,852,838 shares of the construction company’s stock worth $57,716,000 after buying an additional 1,059,175 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Gibraltar Industries by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,337,126 shares of the construction company’s stock worth $47,668,000 after buying an additional 5,562 shares in the last quarter. FMR LLC raised its holdings in shares of Gibraltar Industries by 63.7% during the 2nd quarter. FMR LLC now owns 1,307,993 shares of the construction company’s stock worth $46,630,000 after buying an additional 509,133 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Gibraltar Industries by 0.4% in the 2nd quarter. Northern Trust Corp now owns 1,220,001 shares of the construction company’s stock worth $43,492,000 after purchasing an additional 4,944 shares in the last quarter.

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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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