Gibraltar Industries (NASDAQ:ROCK) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a strong-buy rating in a research note published on Monday.

Gibraltar Industries Stock Performance

Shares of ROCK opened at $72.92 on Monday. The business has a 50-day moving average of $76.25 and a 200 day moving average of $74.79. Gibraltar Industries has a fifty-two week low of $48.76 and a fifty-two week high of $87.40. The firm has a market cap of $2.22 billion, a P/E ratio of 20.31 and a beta of 1.17.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The firm had revenue of $328.80 million during the quarter, compared to analysts’ expectations of $331.40 million. During the same period last year, the business posted $0.72 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Gibraltar Industries will post 4.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gibraltar Industries

Several large investors have recently added to or reduced their stakes in ROCK. Millburn Ridgefield Corp purchased a new position in Gibraltar Industries during the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new position in Gibraltar Industries during the 3rd quarter valued at about $28,000. Covestor Ltd grew its holdings in Gibraltar Industries by 13,540.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after buying an additional 677 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Gibraltar Industries by 26.3% during the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after buying an additional 139 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Gibraltar Industries during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. 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 for commercial and distributed generation scale solar installations.