Gibraltar Industries Inc. (NASDAQ:ROCK)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $40.00 and last traded at $37.70, with a volume of 146,397 shares trading hands. The stock had previously closed at $38.59.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Monday, July 18th. Wedbush raised their price objective on Gibraltar Industries from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, May 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.80.

The company has a market capitalization of $1.21 billion and a price-to-earnings ratio of 32.6991. The stock’s 50 day moving average is $34.41 and its 200-day moving average is $28.34.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The company earned $263.10 million during the quarter, compared to analyst estimates of $271.27 million. During the same period last year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Gibraltar Industries Inc. will post $1.45 earnings per share for the current fiscal year.

Several institutional investors recently modified their holdings of ROCK. State Board of Administration of Florida Retirement System boosted its position 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 during the period. Systematic Financial Management LP raised its position 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 raised 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 in the last quarter. Rhumbline Advisers raised its position 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 raised its position 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.