Gibraltar Industries, Inc. (NASDAQ:ROCK) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Monday, March 27th. KeyCorp reissued an “overweight” rating and set a $19.00 price objective (down from $49.00) on shares of Gibraltar Industries in a report on Thursday, May 11th. Finally, Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Gibraltar Industries in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.00.

Shares of Gibraltar Industries (NASDAQ ROCK) traded down 0.14% on Wednesday, reaching $35.80. The company had a trading volume of 162,667 shares. The stock has a 50-day moving average price of $33.21 and a 200-day moving average price of $39.01. The stock has a market cap of $1.13 billion, a PE ratio of 40.27 and a beta of 1.86. Gibraltar Industries has a 12 month low of $30.40 and a 12 month high of $48.05.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, May 5th. The construction company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Gibraltar Industries had a net margin of 2.77% and a return on equity of 10.49%. The firm had revenue of $206.60 million during the quarter, compared to the consensus estimate of $209.88 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts predict that Gibraltar Industries will post $1.63 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of ROCK. BlackRock Inc. raised its stake in shares of Gibraltar Industries by 81,038.7% in the first quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock worth $155,611,000 after buying an additional 3,772,352 shares in the last quarter. Meridian Management Co. bought a new stake in shares of Gibraltar Industries during the first quarter worth approximately $1,719,000. Norges Bank bought a new stake in shares of Gibraltar Industries during the fourth quarter worth approximately $17,165,000. Vanguard Group Inc. raised its stake in shares of Gibraltar Industries by 12.1% in the first quarter. Vanguard Group Inc. now owns 2,192,418 shares of the construction company’s stock worth $90,327,000 after buying an additional 236,562 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Gibraltar Industries by 20.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,110,626 shares of the construction company’s stock worth $45,757,000 after buying an additional 189,929 shares in the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.

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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