Gibraltar Industries’ (ROCK) “Outperform” Rating Reiterated at Wedbush
Gibraltar Industries Inc. (NASDAQ:ROCK)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research note issued on Friday. They currently have a $45.00 target price on the stock. Wedbush’s target price indicates a potential upside of 20.19% from the company’s current price.
Separately, Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Monday, July 18th.
Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 37.44 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of 31.97 and a beta of 2.25. Gibraltar Industries has a 12 month low of $18.23 and a 12 month high of $40.00. The company has a 50-day moving average of $37.46 and a 200 day moving average of $32.87.
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Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. Gibraltar Industries had a net margin of 3.44% and a return on equity of 11.17%. The company had revenue of $263.10 million for the quarter, compared to the consensus estimate of $271.27 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Analysts forecast that Gibraltar Industries will post $1.45 EPS for the current year.
Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Gibraltar Industries by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,658,279 shares of the company’s stock worth $83,921,000 after buying an additional 11,530 shares during the period. BlackRock Fund Advisors boosted its stake in Gibraltar Industries by 0.5% in the second quarter. BlackRock Fund Advisors now owns 1,947,022 shares of the company’s stock worth $61,467,000 after buying an additional 10,405 shares during the last quarter. Vanguard Group Inc. boosted its stake in Gibraltar Industries by 5.4% in the second quarter. Vanguard Group Inc. now owns 1,378,498 shares of the company’s stock worth $43,519,000 after buying an additional 71,047 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Gibraltar Industries by 9.3% in the first quarter. Renaissance Technologies LLC now owns 1,039,153 shares of the company’s stock worth $29,720,000 after buying an additional 88,300 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in Gibraltar Industries by 25.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 836,426 shares of the company’s stock worth $26,406,000 after buying an additional 171,234 shares during the last quarter. 98.24% of the stock is owned by institutional investors.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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