Gibraltar Industries (ROCK) Upgraded to “Strong-Buy” at BidaskClub

Gibraltar Industries (NASDAQ:ROCK) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Several other equities analysts also recently weighed in on ROCK. Zacks Investment Research downgraded shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. KeyCorp restated a “buy” rating and issued a $39.00 price objective on shares of Gibraltar Industries in a research report on Sunday, October 15th. Finally, TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.00.

Gibraltar Industries (NASDAQ ROCK) opened at $37.15 on Thursday. Gibraltar Industries has a fifty-two week low of $25.61 and a fifty-two week high of $45.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.36 and a quick ratio of 1.93. The firm has a market cap of $1,156.62, a P/E ratio of 40.38 and a beta of 1.78.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The company had revenue of $274.57 million for the quarter, compared to the consensus estimate of $275.80 million. During the same quarter in the prior year, the company earned $0.55 EPS. Gibraltar Industries’s quarterly revenue was up .7% on a year-over-year basis. analysts expect that Gibraltar Industries will post 1.64 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC boosted its position in Gibraltar Industries by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after purchasing an additional 480 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Gibraltar Industries by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,963 shares of the construction company’s stock worth $889,000 after purchasing an additional 710 shares in the last quarter. TD Asset Management Inc. boosted its position in Gibraltar Industries by 7.2% in the 3rd quarter. TD Asset Management Inc. now owns 41,840 shares of the construction company’s stock worth $1,303,000 after purchasing an additional 2,800 shares in the last quarter. New York State Common Retirement Fund boosted its position in Gibraltar Industries by 5.1% in the 3rd quarter. New York State Common Retirement Fund now owns 62,676 shares of the construction company’s stock worth $1,952,000 after purchasing an additional 3,016 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Gibraltar Industries by 11.2% in the 2nd quarter. Citigroup Inc. now owns 32,491 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 3,267 shares in the last quarter.

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Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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