Gibraltar Industries (NASDAQ:ROCK) Rating Lowered to “Hold” at Wall Street Zen

Gibraltar Industries (NASDAQ:ROCK) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $59.50 on Wednesday. The company’s fifty day moving average price is $57.10 and its 200-day moving average price is $62.05. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.31 and a beta of 1.30. Gibraltar Industries has a one year low of $48.96 and a one year high of $81.90.

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

Insider Buying and Selling at Gibraltar Industries

In other news, Director James B. Nish sold 1,172 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the completion of the sale, the director now directly owns 11,976 shares of the company’s stock, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROCK. Sterling Capital Management LLC increased its stake in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock valued at $31,000 after purchasing an additional 458 shares in the last quarter. Brooklyn Investment Group bought a new stake in Gibraltar Industries during the 1st quarter valued at about $36,000. Smartleaf Asset Management LLC increased its stake in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock valued at $42,000 after purchasing an additional 530 shares in the last quarter. GAMMA Investing LLC increased its stake in Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company’s stock valued at $47,000 after purchasing an additional 313 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in Gibraltar Industries during the 4th quarter valued at about $53,000. 98.39% of the stock is currently owned by institutional investors.

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.