Gibraltar Industries (NASDAQ:ROCK) Cut to Hold at BidaskClub

BidaskClub lowered shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research lowered Gibraltar Industries from a hold rating to a sell rating and set a $39.00 price objective for the company. in a report on Tuesday, May 28th.

NASDAQ ROCK opened at $39.99 on Thursday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.07 and a beta of 1.53. Gibraltar Industries has a one year low of $31.96 and a one year high of $49.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 1.47. The business’s fifty day moving average is $40.88 and its 200-day moving average is $39.53.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Friday, July 26th. The construction company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.05). Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The business had revenue of $262.70 million for the quarter, compared to the consensus estimate of $273.30 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Research analysts expect that Gibraltar Industries will post 2.48 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hodges Capital Management Inc. lifted its position in Gibraltar Industries by 258.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 112,855 shares of the construction company’s stock worth $4,555,000 after buying an additional 81,355 shares during the last quarter. Magnetar Financial LLC lifted its position in Gibraltar Industries by 24.9% in the 2nd quarter. Magnetar Financial LLC now owns 18,470 shares of the construction company’s stock worth $745,000 after buying an additional 3,687 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new stake in Gibraltar Industries in the 2nd quarter worth approximately $4,068,000. Nuveen Asset Management LLC lifted its position in Gibraltar Industries by 6.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,383,339 shares of the construction company’s stock worth $55,832,000 after buying an additional 80,393 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Gibraltar Industries by 2.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,390,684 shares of the construction company’s stock worth $96,488,000 after buying an additional 56,207 shares during the last quarter.

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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