Gibraltar Industries, Inc. (ROCK) Stock Rating Reaffirmed by KeyCorp
KeyCorp restated their buy rating on shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in a research report report published on Friday. KeyCorp currently has a $39.00 price target on the construction company’s stock.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Gibraltar Industries from a sell rating to a strong sell rating in a research note on Tuesday, August 1st. TheStreet upgraded shares of Gibraltar Industries from a c rating to a b- rating in a research note 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 target price on the stock in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $42.00.
Shares of Gibraltar Industries (NASDAQ:ROCK) opened at $31.75 on Friday. Gibraltar Industries has a one year low of $25.61 and a one year high of $48.05. The company has a market cap of $1,002.93, a P/E ratio of 19.78 and a beta of 1.78. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Friday, November 3rd. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. Gibraltar Industries had a net margin of 7.51% and a return on equity of 16.75%. The company had revenue of $274.57 million for the quarter, compared to analysts’ expectations of $275.80 million. During the same quarter last year, the business earned $0.55 EPS. The firm’s revenue was up .7% compared to the same quarter last year. equities analysts forecast that Gibraltar Industries will post 1.64 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROCK. BlackRock Inc. grew its holdings in Gibraltar Industries by 81,038.7% during the 1st quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock valued at $155,611,000 after buying an additional 3,772,352 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Gibraltar Industries by 133.5% during the 3rd quarter. Pzena Investment Management LLC now owns 1,852,838 shares of the construction company’s stock valued at $57,716,000 after buying an additional 1,059,175 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in Gibraltar Industries during the 2nd quarter valued at approximately $25,836,000. Aberdeen Asset Management PLC UK grew its holdings in Gibraltar Industries by 56.6% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,739,266 shares of the construction company’s stock valued at $62,005,000 after buying an additional 628,640 shares in the last quarter. Finally, FMR LLC grew its holdings in Gibraltar Industries by 63.7% during the 2nd quarter. FMR LLC now owns 1,307,993 shares of the construction company’s stock valued at $46,630,000 after buying an additional 509,133 shares in the last quarter.
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.
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