Gibraltar Industries, Inc. (NASDAQ:ROCK)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $27.95 and last traded at $27.86, with a volume of 59,009 shares changing hands. The stock had previously closed at $28.15.

ROCK has been the topic of a number of recent research reports. BidaskClub cut Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, KeyCorp restated an “overweight” rating and issued a $19.00 target price (down 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 given a hold rating and two have given a buy rating to the stock. Gibraltar Industries has an average rating of “Hold” and an average price target of $37.00.

The stock has a 50-day moving average price of $31.99 and a 200 day moving average price of $36.40. The company has a market cap of $871.97 million, a price-to-earnings ratio of 39.34 and a beta of 1.83.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $247.63 million during the quarter, compared to analysts’ expectations of $251.97 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post $1.58 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of Gibraltar Industries during the first quarter valued at approximately $112,000. LS Investment Advisors LLC boosted its stake in shares of Gibraltar Industries by 175.4% in the first quarter. LS Investment Advisors LLC now owns 3,368 shares of the construction company’s stock valued at $139,000 after buying an additional 2,145 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 valued at $143,000 after buying an additional 100 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Gibraltar Industries during the second quarter valued at approximately $147,000. Finally, Profund Advisors LLC boosted its stake in shares of Gibraltar Industries by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after buying an additional 480 shares during the last quarter.

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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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