Gibraltar Industries (NASDAQ:ROCK) Downgraded by StockNews.com

StockNews.com lowered shares of Gibraltar Industries (NASDAQ:ROCK) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

Gibraltar Industries Trading Up 0.4 %

Shares of ROCK stock opened at $65.37 on Tuesday. Gibraltar Industries has a 12 month low of $59.66 and a 12 month high of $87.40. The company has a market capitalization of $1.99 billion, a P/E ratio of 17.34 and a beta of 1.14. The stock has a 50 day moving average of $68.36 and a two-hundred day moving average of $70.67.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.08). The firm had revenue of $353.00 million during the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.18 earnings per share. Sell-side analysts predict that Gibraltar Industries will post 4.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System increased its stake in shares of Gibraltar Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock valued at $584,000 after acquiring an additional 158 shares during the last quarter. GAMMA Investing LLC increased its stake in Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after purchasing an additional 170 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Gibraltar Industries by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after purchasing an additional 200 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company’s stock worth $965,000 after purchasing an additional 211 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in Gibraltar Industries by 10.6% in the second quarter. Evergreen Capital Management LLC now owns 3,559 shares of the construction company’s stock worth $244,000 after purchasing an additional 340 shares during the period. 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.