BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a strong-buy rating in a report published on Saturday.

ROCK has been the subject of a number of other reports. Zacks Investment Research cut Gibraltar Industries from a buy rating to a hold rating in a research report on Monday, May 28th. ValuEngine upgraded Gibraltar Industries from a hold rating to a buy rating in a research report on Saturday, August 18th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $42.00.

Shares of ROCK stock opened at $46.00 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.32. The company has a market cap of $1.48 billion, a P/E ratio of 26.84 and a beta of 1.79. Gibraltar Industries has a twelve month low of $29.45 and a twelve month high of $49.10.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Thursday, July 26th. The construction company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $266.04 million during the quarter, compared to analysts’ expectations of $261.93 million. Gibraltar Industries had a return on equity of 12.37% and a net margin of 7.59%. Gibraltar Industries’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. equities analysts predict that Gibraltar Industries will post 2.08 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Gibraltar Industries by 643.8% in the second quarter. SG Americas Securities LLC now owns 25,579 shares of the construction company’s stock valued at $959,000 after buying an additional 22,140 shares in the last quarter. Rhumbline Advisers increased its position in shares of Gibraltar Industries by 2.0% in the second quarter. Rhumbline Advisers now owns 82,465 shares of the construction company’s stock valued at $3,092,000 after buying an additional 1,622 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Gibraltar Industries in the first quarter valued at approximately $230,000. Royce & Associates LP increased its position in shares of Gibraltar Industries by 64.8% in the second quarter. Royce & Associates LP now owns 259,173 shares of the construction company’s stock valued at $9,719,000 after buying an additional 101,875 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Gibraltar Industries in the second quarter valued at approximately $1,125,000.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.

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