KeyCorp Reiterates Buy Rating for Gibraltar Industries, Inc. (ROCK)
Gibraltar Industries, Inc. (NASDAQ:ROCK)‘s stock had its “buy” rating reaffirmed by equities research analysts at KeyCorp in a research report issued to clients and investors on Friday. They presently have a $39.00 price target on the construction company’s stock. KeyCorp’s price target points to a potential upside of 23.22% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. TheStreet raised Gibraltar Industries from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $42.00.
Gibraltar Industries (NASDAQ:ROCK) opened at $31.65 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1,000.00, a price-to-earnings ratio of 19.19 and a beta of 1.78. Gibraltar Industries has a 1 year low of $25.61 and a 1 year high of $48.05.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.11. The company had revenue of $274.57 million during the quarter, compared to the consensus estimate of $275.80 million. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. Gibraltar Industries’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. sell-side analysts forecast that Gibraltar Industries will post 1.64 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Gibraltar Industries in the second quarter valued at $147,000. SG Americas Securities LLC purchased a new stake in shares of Gibraltar Industries in the third quarter valued at $157,000. Profund Advisors LLC grew its position in shares of Gibraltar Industries by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock valued at $205,000 after purchasing an additional 480 shares during the period. State of Alaska Department of Revenue grew its position in shares of Gibraltar Industries by 78.7% in the second quarter. State of Alaska Department of Revenue now owns 6,238 shares of the construction company’s stock valued at $222,000 after purchasing an additional 2,748 shares during the period. Finally, Aperio Group LLC grew its position in shares of Gibraltar Industries by 1.4% in the second quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock valued at $257,000 after purchasing an additional 101 shares during the period.
About Gibraltar Industries
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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