Gibraltar Industries Inc. (ROCK) Trading 2.2% Higher
Gibraltar Industries Inc. (NASDAQ:ROCK)’s share price traded up 2.2% on Monday . The company traded as high as $38.02 and last traded at $37.76, with a volume of 173,892 shares traded. The stock had previously closed at $36.93.
A number of equities analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $38.00 price target (up previously from $33.00) on shares of Gibraltar Industries in a research note on Friday, July 15th. Zacks Investment Research raised 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 note on Thursday, June 30th. Two investment 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 company. The stock currently has an average rating of “Buy” and a consensus target price of $32.80.
The firm has a market cap of $1.21 billion and a price-to-earnings ratio of 32.85. The company’s 50-day moving average price is $36.12 and its 200 day moving average price is $29.61.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarter in the prior year, the firm earned $0.25 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that Gibraltar Industries Inc. will post $1.45 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in ROCK. California Public Employees Retirement System raised its stake in 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 in the last quarter. Systematic Financial Management LP raised its stake in 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 in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Gibraltar Industries by 2.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,218 shares of the company’s stock worth $2,474,000 after buying an additional 2,429 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in 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 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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