Gibraltar Industries, Inc. (NASDAQ:ROCK) issued its earnings results on Thursday. The construction company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03, Briefing.com reports. The business had revenue of $247.63 million for the quarter, compared to analysts’ expectations of $251.97 million. Gibraltar Industries had a return on equity of 10.49% and a net margin of 2.77%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. Gibraltar Industries updated its Q3 guidance to $0.58-0.65 EPS and its FY17 guidance to $1.57-1.70 EPS.

Gibraltar Industries (NASDAQ ROCK) traded down 0.733% during mid-day trading on Thursday, reaching $30.475. The company had a trading volume of 783,166 shares. The stock has a market cap of $965.66 million, a PE ratio of 34.280 and a beta of 1.86. The firm’s 50-day moving average price is $34.06 and its 200-day moving average price is $37.78. Gibraltar Industries has a 12 month low of $28.05 and a 12 month high of $48.05.

A number of institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in Gibraltar Industries during the first quarter worth about $112,000. LS Investment Advisors LLC boosted 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. State of Alaska Department of Revenue boosted 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. GW&K Investment Management LLC purchased a new position in Gibraltar Industries during the first quarter worth about $209,000. Finally, BNP Paribas Arbitrage SA boosted its position in Gibraltar Industries by 14.1% in the first quarter. BNP Paribas Arbitrage SA now owns 6,223 shares of the construction company’s stock worth $256,000 after buying an additional 771 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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A number of research analysts have recently weighed in on ROCK shares. BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, KeyCorp reiterated an “overweight” rating and set a $19.00 price target (down previously from $49.00) on shares of Gibraltar Industries in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $37.00.

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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

Earnings History for Gibraltar Industries (NASDAQ:ROCK)

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