Gibraltar Industries, Inc. (NASDAQ:ROCK)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a research report issued to clients and investors on Sunday. They currently have a $39.00 price target on the construction company’s stock. KeyCorp’s price objective would suggest a potential upside of 19.82% from the company’s previous close.

A number of other research firms have also commented on ROCK. BidaskClub upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.50.

Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 32.55 on Friday. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $48.05. The company has a market capitalization of $1.03 billion, a PE ratio of 46.57 and a beta of 1.77. The firm’s 50-day moving average price is $29.98 and its 200 day moving average price is $32.78.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $247.63 million during the quarter, compared to analyst estimates of $251.97 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts predict that Gibraltar Industries will post $1.58 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Phocas Financial Corp. lifted its holdings in shares of Gibraltar Industries by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 312,304 shares of the construction company’s stock worth $11,134,000 after acquiring an additional 13,937 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Gibraltar Industries during the 2nd quarter worth $25,836,000. Tower Research Capital LLC TRC bought a new stake in shares of Gibraltar Industries during the 2nd quarter worth $147,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Gibraltar Industries by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,963 shares of the construction company’s stock worth $889,000 after acquiring an additional 710 shares during the last quarter. Finally, HCSF Management LLC lifted its holdings in shares of Gibraltar Industries by 63.8% during the 2nd quarter. HCSF Management LLC now owns 422,404 shares of the construction company’s stock worth $15,059,000 after acquiring an additional 164,500 shares during the last quarter.

Gibraltar Industries Company Profile

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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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