Gibraltar Industries Inc. (ROCK) Reaches New 12-Month High at $35.59
Gibraltar Industries Inc. (NASDAQ:ROCK) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.59 and last traded at $35.50, with a volume of 127,425 shares. The stock had previously closed at $35.02.
Several research analysts have recently issued reports on ROCK shares. Zacks Investment Research lowered Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Wedbush raised their price target on Gibraltar Industries from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, May 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Gibraltar Industries has a consensus rating of “Buy” and an average price target of $30.40.
The firm has a 50-day moving average of $31.03 and a 200-day moving average of $26.39. The firm has a market cap of $1.11 billion and a PE ratio of 46.50.
Gibraltar Industries (NASDAQ:ROCK) last released 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 business had revenue of $233.70 million for the quarter, compared to the consensus estimate of $226.37 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts predict that Gibraltar Industries Inc. will post $1.37 EPS for the current year.
Other hedge funds and institutional investors recently made changes to their positions in the company. Russell Frank Co increased its position in shares of Gibraltar Industries by 549.1% in the fourth quarter. Russell Frank Co now owns 81,299 shares of the company’s stock valued at $2,115,000 after buying an additional 68,775 shares during the period. Teton Advisors Inc. increased its position in shares of Gibraltar Industries by 201.4% in the fourth quarter. Teton Advisors Inc. now owns 69,584 shares of the company’s stock valued at $1,770,000 after buying an additional 46,500 shares during the period. California Public Employees Retirement System increased its position in shares of Gibraltar Industries by 68.6% in the fourth quarter. California Public Employees Retirement System now owns 109,900 shares of the company’s stock valued at $2,796,000 after buying an additional 44,700 shares during the period. EAM Investors LLC increased its position in shares of Gibraltar Industries by 34.2% in the fourth quarter. EAM Investors LLC now owns 160,134 shares of the company’s stock valued at $4,074,000 after buying an additional 40,830 shares during the period. Finally, New York State Common Retirement Fund increased its position 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 during the period.
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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