StockNews.com Downgrades Gibraltar Industries (NASDAQ:ROCK) to Buy

Gibraltar Industries (NASDAQ:ROCK) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $59.09 on Wednesday. The stock has a market cap of $1.79 billion, a PE ratio of 16.41 and a beta of 1.20. The business has a fifty day moving average of $61.51 and a two-hundred day moving average of $66.41. Gibraltar Industries has a 52-week low of $55.31 and a 52-week high of $87.19.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company’s stock worth $176,122,000 after purchasing an additional 15,201 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Gibraltar Industries by 34.7% during the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock worth $90,769,000 after acquiring an additional 397,313 shares during the period. Victory Capital Management Inc. raised its stake in shares of Gibraltar Industries by 27.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after purchasing an additional 322,422 shares during the period. State Street Corp raised its holdings in shares of Gibraltar Industries by 4.6% in the third quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock valued at $89,390,000 after purchasing an additional 56,008 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Gibraltar Industries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company’s stock valued at $50,359,000 after acquiring an additional 15,889 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

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.