Gibraltar Industries (ROCK) Upgraded to Strong-Buy by BidaskClub
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.
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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