Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.53 and last traded at $32.31, with a volume of 42,852 shares. The stock had previously closed at $31.92.

Several analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of Gibraltar Industries in a report on Wednesday, April 20th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, June 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Gibraltar Industries has a consensus rating of “Buy” and an average price target of $30.40.

The company has a market capitalization of $1.02 billion and a PE ratio of 42.54. The company has a 50-day moving average of $30.55 and a 200-day moving average of $26.19.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, May 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.12. The firm earned $233.70 million during the quarter, compared to analysts’ expectations of $226.37 million. During the same period last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Gibraltar Industries Inc. will post $1.37 earnings per share for the current fiscal year.

Other hedge funds recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Gibraltar Industries by 9.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 39,309 shares of the company’s stock valued at $1,000,000 after buying an additional 3,369 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Gibraltar Industries by 6.8% in the fourth quarter. Systematic Financial Management LP now owns 40,600 shares of the company’s stock valued at $1,032,000 after buying an additional 2,600 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Gibraltar Industries by 70.1% in the fourth quarter. New York State Common Retirement Fund now owns 50,518 shares of the company’s stock valued at $1,285,000 after buying an additional 20,818 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Gibraltar Industries by 2.0% in the fourth quarter. Rhumbline Advisers now owns 53,768 shares of the company’s stock valued at $1,368,000 after buying an additional 1,035 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Gibraltar Industries by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 57,352 shares of the company’s stock valued at $1,459,000 after buying an additional 1,000 shares in the last quarter.

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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.

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