Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) dropped 2.8% during mid-day trading on Friday . The stock traded as low as $37.20 and last traded at $37.20, with a volume of 107,187 shares changing hands. The stock had previously closed at $38.29.

ROCK has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, June 30th. Wedbush lifted their target price on shares of Gibraltar Industries from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, May 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.80.

The firm has a 50-day moving average price of $34.78 and a 200-day moving average price of $28.48. The firm has a market cap of $1.18 billion and a PE ratio of 31.99.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.39 by $0.07. The business earned $263.10 million during the quarter, compared to analysts’ expectations of $271.27 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Gibraltar Industries Inc. will post $1.45 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. Systematic Financial Management LP increased 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 worth $1,032,000 after buying an additional 2,600 shares during the last quarter. 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 worth $1,285,000 after buying an additional 20,818 shares during the last quarter. Rhumbline Advisers increased 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 worth $1,368,000 after buying an additional 1,035 shares during the last quarter. California State Teachers Retirement System increased 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 worth $1,459,000 after buying an additional 1,000 shares during the last quarter. Finally, 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 worth $2,796,000 after buying an additional 44,700 shares during 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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