Gibraltar Industries (NASDAQ:ROCK) Upgraded by StockNews.com to Strong-Buy

Gibraltar Industries (NASDAQ:ROCK) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Gibraltar Industries Price Performance

Shares of ROCK opened at $71.56 on Friday. Gibraltar Industries has a 12-month low of $36.58 and a 12-month high of $77.10. The business has a 50-day simple moving average of $68.24 and a two-hundred day simple moving average of $58.13. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.18 billion, a PE ratio of 24.93 and a beta of 1.13.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, August 2nd. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. Gibraltar Industries had a return on equity of 13.87% and a net margin of 6.56%. The business had revenue of $364.90 million during the quarter, compared to analysts’ expectations of $355.45 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate that Gibraltar Industries will post 3.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors have recently made changes to their positions in ROCK. New York Life Investment Management LLC bought a new stake in shares of Gibraltar Industries during the 1st quarter valued at about $476,000. Schroder Investment Management Group boosted its position in shares of Gibraltar Industries by 3.8% during the 4th quarter. Schroder Investment Management Group now owns 842,106 shares of the construction company’s stock valued at $38,636,000 after purchasing an additional 31,157 shares in the last quarter. Credit Suisse AG boosted its position in shares of Gibraltar Industries by 2.0% during the 1st quarter. Credit Suisse AG now owns 46,865 shares of the construction company’s stock valued at $2,273,000 after purchasing an additional 923 shares in the last quarter. Shelton Capital Management bought a new stake in shares of Gibraltar Industries during the 1st quarter valued at about $4,943,000. Finally, Federated Hermes Inc. boosted its position in shares of Gibraltar Industries by 10.7% during the 1st quarter. Federated Hermes Inc. now owns 48,568 shares of the construction company’s stock valued at $2,356,000 after purchasing an additional 4,703 shares in the last quarter. Institutional investors own 96.85% of the company’s stock.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems.