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

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Gibraltar Industries in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.80.

The firm has a market capitalization of $1.18 billion and a PE ratio of 31.99. The firm’s 50-day moving average is $34.93 and its 200-day moving average is $28.61.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.07. The firm had revenue of $263.10 million for the quarter, compared to analyst estimates of $271.27 million. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that Gibraltar Industries Inc. will post $1.45 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in ROCK. 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 valued at $1,032,000 after buying an additional 2,600 shares during the period. 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. 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 valued at $1,368,000 after buying an additional 1,035 shares during the period. 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 valued at $1,459,000 after buying an additional 1,000 shares during the period. 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 valued at $2,796,000 after buying an additional 44,700 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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