ValuEngine Lowers Gibraltar Industries (NASDAQ:ROCK) to Sell

Gibraltar Industries (NASDAQ:ROCK) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday, April 11th.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub lowered shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Gibraltar Industries has a consensus rating of “Hold” and a consensus price target of $39.50.

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Shares of NASDAQ ROCK opened at $35.45 on Wednesday. The firm has a market cap of $1,070.02, a P/E ratio of 20.73 and a beta of 1.78. Gibraltar Industries has a 12-month low of $25.61 and a 12-month high of $39.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.20 and a current ratio of 2.71.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Gibraltar Industries had a net margin of 6.34% and a return on equity of 11.14%. The business had revenue of $258.11 million for the quarter, compared to analyst estimates of $232.50 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Gibraltar Industries’s revenue was up 11.3% on a year-over-year basis. equities research analysts predict that Gibraltar Industries will post 2.06 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Gibraltar Industries by 4.4% during the fourth quarter. BlackRock Inc. now owns 4,155,757 shares of the construction company’s stock valued at $137,140,000 after purchasing an additional 174,542 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gibraltar Industries by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,426,842 shares of the construction company’s stock valued at $75,596,000 after purchasing an additional 34,097 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Gibraltar Industries by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 1,663,028 shares of the construction company’s stock valued at $54,880,000 after purchasing an additional 222,569 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Gibraltar Industries by 5.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,162,598 shares of the construction company’s stock valued at $38,366,000 after purchasing an additional 55,297 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Gibraltar Industries by 53.7% during the fourth quarter. Millennium Management LLC now owns 468,864 shares of the construction company’s stock valued at $15,473,000 after purchasing an additional 163,762 shares in the last quarter.

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About Gibraltar Industries

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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