Gibraltar Industries Inc. (ROCK) Trading 5.1% Higher
Gibraltar Industries Inc. (NASDAQ:ROCK)’s share price traded up 5.1% during trading on Monday . The company traded as high as $35.01 and last traded at $34.80, with a volume of 179,521 shares trading hands. The stock had previously closed at $33.12.
A number of equities analysts have commented on the company. Zacks Investment Research downgraded Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wedbush boosted their price objective on Gibraltar Industries from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $30.40.
The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of 46.74. The stock has a 50-day moving average of $31.24 and a 200 day moving average of $26.46.
Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Friday, May 6th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.12. The company had revenue of $233.70 million for the quarter, compared to analyst estimates of $226.37 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts anticipate that Gibraltar Industries Inc. will post $1.37 EPS for the current year.
Several hedge funds and institutional investors recently made changes to their positions in ROCK. EAM Investors LLC raised its position in shares of Gibraltar Industries by 34.2% in the fourth quarter. EAM Investors LLC now owns 160,134 shares of the company’s stock worth $4,074,000 after buying an additional 40,830 shares in the last quarter. Teton Advisors Inc. raised its position in Gibraltar Industries by 201.4% in the fourth quarter. Teton Advisors Inc. now owns 69,584 shares of the company’s stock valued at $1,770,000 after buying an additional 46,500 shares during the period. California State Teachers Retirement System raised its position in 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. Nationwide Fund Advisors raised its position in Gibraltar Industries by 21.2% in the fourth quarter. Nationwide Fund Advisors now owns 73,974 shares of the company’s stock valued at $1,882,000 after buying an additional 12,936 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in 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.
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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