Gibraltar Industries Inc. (ROCK) Hits New 1-Year High at $36.68
Gibraltar Industries Inc. (NASDAQ:ROCK)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $36.68 and last traded at $36.55, with a volume of 170,617 shares changing hands. The stock had previously closed at $35.28.
A number of equities analysts have recently commented on ROCK shares. Wedbush reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Gibraltar Industries in a report on Wednesday, April 20th. Zacks Investment Research cut shares of Gibraltar Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Two 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 stock. Gibraltar Industries has a consensus rating of “Buy” and an average price target of $32.80.
The stock’s 50-day moving average is $33.47 and its 200 day moving average is $27.78. The stock has a market cap of $1.14 billion and a P/E ratio of 31.00.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. During the same quarter last year, the company posted $0.25 earnings per share. The business had revenue of $263.10 million for the quarter, compared to analysts’ expectations of $271.27 million. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Gibraltar Industries Inc. will post $1.45 earnings per share for the current fiscal year.
Other institutional investors have added to or reduced their stakes in the company. California State Teachers Retirement System boosted 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 boosted 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. State Board of Administration of Florida Retirement System boosted 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. Russell Frank Co boosted its position in Gibraltar Industries by 549.1% in the fourth quarter. Russell Frank Co now owns 81,299 shares of the company’s stock valued at $2,115,000 after buying an additional 68,775 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Gibraltar Industries by 17.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 129,685 shares of the company’s stock valued at $3,299,000 after buying an additional 19,285 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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