Gibraltar Industries Inc. (ROCK) Sets New 1-Year High at $40.00
Gibraltar Industries Inc. (NASDAQ:ROCK)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $40.00 and last traded at $37.70, with a volume of 146,397 shares. The stock had previously closed at $38.59.
A number of equities analysts have recently issued reports on ROCK shares. Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Monday, July 18th. Wedbush reiterated an “outperform” rating and issued a $38.00 price objective (up from $33.00) on shares of Gibraltar Industries in a report on Friday, July 15th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.80.
The firm’s 50 day moving average is $34.03 and its 200 day moving average is $27.99. The company has a market capitalization of $1.18 billion and a P/E ratio of 32.09.
Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Thursday, July 28th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. The company earned $263.10 million during the quarter, compared to the consensus estimate of $271.27 million. Gibraltar Industries’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities analysts predict that Gibraltar Industries Inc. will post $1.45 earnings per share for the current fiscal year.
Other large investors have bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake 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 worth $1,000,000 after buying an additional 3,369 shares in the last quarter. Systematic Financial Management LP boosted 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. New York State Common Retirement Fund boosted its stake in 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 worth $1,285,000 after buying an additional 20,818 shares in the last quarter. Rhumbline Advisers boosted 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. Finally, California State Teachers Retirement System boosted its stake 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 worth $1,459,000 after buying an additional 1,000 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.