Gibraltar Industries Inc (NASDAQ:ROCK) was upgraded by research analysts at BidAskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

ROCK has been the subject of a number of other research reports. Wedbush reduced their target price on shares of Gibraltar Industries from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, February 21st. Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. TheStreet cut shares of Gibraltar Industries from a “b” rating to a “c+” rating in a research report on Friday, February 17th. Finally, KeyCorp reissued an “overweight” rating and issued a $19.00 target price (down previously from $49.00) on shares of Gibraltar Industries in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.00.

Shares of Gibraltar Industries (ROCK) traded up 1.89% during trading on Friday, hitting $35.05. 325,846 shares of the stock were exchanged. The firm’s 50-day moving average is $34.24 and its 200 day moving average is $40.09. The company has a market cap of $1.11 billion, a P/E ratio of 39.43 and a beta of 2.03. Gibraltar Industries has a 1-year low of $29.48 and a 1-year high of $48.05.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Friday, May 5th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $206.60 million during the quarter, compared to the consensus estimate of $209.88 million. Gibraltar Industries had a net margin of 3.56% and a return on equity of 11.20%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Equities analysts forecast that Gibraltar Industries will post $1.63 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new position in Gibraltar Industries during the first quarter worth approximately $112,000. LS Investment Advisors LLC increased its position in Gibraltar Industries by 175.4% in the first quarter. LS Investment Advisors LLC now owns 3,368 shares of the construction company’s stock worth $139,000 after buying an additional 2,145 shares during the period. Pacad Investment Ltd. bought a new position in Gibraltar Industries during the fourth quarter worth approximately $142,000. State of Alaska Department of Revenue increased its position in Gibraltar Industries by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 3,490 shares of the construction company’s stock worth $143,000 after buying an additional 100 shares during the period. Finally, GW&K Investment Management LLC bought a new position in Gibraltar Industries during the first quarter worth approximately $209,000. 98.50% of the stock is owned by institutional investors and hedge funds.

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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