Gibraltar Industries (NASDAQ:ROCK) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a hold rating in a research report sent to investors on Monday.

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK opened at $56.27 on Monday. Gibraltar Industries has a 12 month low of $48.96 and a 12 month high of $81.90. The company has a 50-day simple moving average of $58.41 and a 200-day simple moving average of $62.53. The company has a market cap of $1.66 billion, a PE ratio of 12.59 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business had revenue of $290.02 million during the quarter, compared to the consensus estimate of $296.77 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that Gibraltar Industries will post 4.91 EPS for the current year.

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, Director James B. Nish sold 1,172 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $58.21, for a total transaction of $68,222.12. Following the completion of the sale, the director now directly owns 11,976 shares in the company, valued at $697,122.96. This represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

Institutional Trading of Gibraltar Industries

A number of institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in Gibraltar Industries by 93.8% during the third quarter. Barclays PLC now owns 103,324 shares of the construction company’s stock worth $7,226,000 after buying an additional 50,017 shares during the period. Nordea Investment Management AB boosted its position in Gibraltar Industries by 5.2% during the 4th quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock worth $6,030,000 after purchasing an additional 5,000 shares during the period. Park Avenue Securities LLC boosted its position in Gibraltar Industries by 12.8% during the 4th quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company’s stock worth $212,000 after purchasing an additional 410 shares during the period. Wedge Capital Management L L P NC purchased a new position in Gibraltar Industries in the fourth quarter valued at about $1,727,000. Finally, SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries during the fourth quarter worth about $117,000. 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.