Gibraltar Industries Inc. (ROCK) Trading Down 1.7%
Shares of Gibraltar Industries Inc. (NASDAQ:ROCK) dropped 1.7% on Friday . The company traded as low as $37.94 and last traded at $37.98, with a volume of 65,505 shares changing hands. The stock had previously closed at $38.65.
ROCK has been the topic of a number of recent analyst reports. Wedbush raised their price target on shares of Gibraltar Industries from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, May 9th. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Thursday, June 30th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gibraltar Industries has an average rating of “Buy” and a consensus price target of $32.80.
The company’s 50-day moving average is $37.09 and its 200 day moving average is $30.44. The company has a market capitalization of $1.21 billion and a PE ratio of 32.80.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. The business had revenue of $263.10 million for the quarter, compared to analysts’ expectations of $271.27 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Gibraltar Industries Inc. will post $1.45 earnings per share for the current fiscal year.
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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