Seaport Res Ptn Brokers Boost Earnings Estimates for Gibraltar Industries, Inc. (NASDAQ:ROCK)

Gibraltar Industries, Inc. (NASDAQ:ROCK) – Research analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for Gibraltar Industries in a research report issued on Thursday, May 2nd. Seaport Res Ptn analyst W. Liptak now anticipates that the construction company will earn $4.79 per share for the year, up from their prior estimate of $4.73. The consensus estimate for Gibraltar Industries’ current full-year earnings is $4.79 per share. Seaport Res Ptn also issued estimates for Gibraltar Industries’ Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.31 EPS and FY2025 earnings at $5.41 EPS.

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Gibraltar Industries Trading Up 0.6 %

Shares of ROCK stock opened at $71.69 on Monday. The firm has a fifty day moving average price of $75.76 and a 200 day moving average price of $74.91. The company has a market cap of $2.18 billion, a P/E ratio of 19.27 and a beta of 1.20. Gibraltar Industries has a 12 month low of $51.36 and a 12 month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, May 1st. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $292.51 million during the quarter, compared to the consensus estimate of $296.29 million. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share.

Hedge Funds Weigh In On Gibraltar Industries

Several large investors have recently bought and sold shares of ROCK. Millburn Ridgefield Corp acquired a new position in Gibraltar Industries in the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Gibraltar Industries in the third quarter valued at $28,000. Covestor Ltd boosted its stake in Gibraltar Industries by 13,540.0% in the third quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after acquiring an additional 677 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Gibraltar Industries by 26.3% in the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after acquiring an additional 139 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Gibraltar Industries in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

About Gibraltar Industries

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.