Gibraltar Industries Inc (NASDAQ:ROCK) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday.

According to Zacks, “Gibraltar Industries’ shares look overvalued and also underperformed the Zacks categorized Building & Construction Products Miscellaneous industry, over the last three months. Dismal conditions in the commodity & energy related markets, a stronger U.S. dollar or extensive industry rivalry might continue to hurt the company’s financials in the quarters ahead. Over the last 60 days, the Zacks Consensus Estimate for the stock decreased for both 2017 and 2018.”

Several other equities research analysts also recently commented on the stock. KeyCorp reissued an “overweight” rating and set a $19.00 target price (down from $49.00) on shares of Gibraltar Industries in a research report on Thursday. Wedbush reissued an “outperform” rating and set a $50.00 target price on shares of Gibraltar Industries in a research report on Monday, March 13th. Finally, TheStreet downgraded shares of Gibraltar Industries from a “b” rating to a “c+” rating in a research report on Friday, February 17th.

Gibraltar Industries (NASDAQ:ROCK) opened at 32.025 on Monday. Gibraltar Industries has a 52 week low of $27.18 and a 52 week high of $48.05. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 36.024 and a beta of 2.03. The company has a 50-day moving average of $38.05 and a 200-day moving average of $41.26.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, May 5th. The construction company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. The business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $209.88 million. Gibraltar Industries had a return on equity of 11.20% and a net margin of 3.56%. The company’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts forecast that Gibraltar Industries will post $1.67 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Gibraltar Industries by 81,038.7% in the first quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock valued at $155,611,000 after buying an additional 3,772,352 shares during the period. Meridian Management Co. purchased a new position in Gibraltar Industries during the first quarter valued at $1,719,000. Norges Bank purchased a new position in Gibraltar Industries during the fourth quarter valued at $17,165,000. Renaissance Technologies LLC boosted its position in Gibraltar Industries by 30.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,264,600 shares of the construction company’s stock valued at $52,671,000 after buying an additional 293,500 shares during the period. Finally, Vanguard Group Inc. boosted its position in Gibraltar Industries by 12.1% in the first quarter. Vanguard Group Inc. now owns 2,192,418 shares of the construction company’s stock valued at $90,327,000 after buying an additional 236,562 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

About Gibraltar Industries

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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