Gibraltar Industries (NASDAQ:ROCK) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other equities analysts have also weighed in on the stock. KeyCorp reiterated a “buy” rating and issued a $39.00 price target on shares of Gibraltar Industries in a research report on Friday, November 17th. TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a buy rating, Gibraltar Industries has an average rating of “Buy” and a consensus target price of $42.00.

Gibraltar Industries (ROCK) opened at $33.00 on Tuesday. The firm has a market cap of $1,045.71, a P/E ratio of 20.63 and a beta of 1.78. Gibraltar Industries has a 12-month low of $25.61 and a 12-month high of $45.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.36 and a quick ratio of 1.93.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. The business had revenue of $274.57 million during the quarter, compared to analyst estimates of $275.80 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. sell-side analysts anticipate that Gibraltar Industries will post 1.64 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in ROCK. Schwab Charles Investment Management Inc. lifted its holdings in shares of Gibraltar Industries by 21.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 153,262 shares of the construction company’s stock worth $5,464,000 after buying an additional 26,640 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Gibraltar Industries by 3.3% in the second quarter. Rhumbline Advisers now owns 68,566 shares of the construction company’s stock worth $2,444,000 after buying an additional 2,182 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Gibraltar Industries by 9.1% in the second quarter. Legal & General Group Plc now owns 59,258 shares of the construction company’s stock worth $2,112,000 after buying an additional 4,925 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Gibraltar Industries by 68.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,475 shares of the construction company’s stock worth $373,000 after buying an additional 4,252 shares in the last quarter. Finally, IndexIQ Advisors LLC purchased a new position in shares of Gibraltar Industries in the second quarter worth $409,000.

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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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