Gibraltar Industries (ROCK) Raised to “Buy” at BidaskClub
Gibraltar Industries (NASDAQ:ROCK) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.
A number of other research analysts have also commented on ROCK. KeyCorp reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Gibraltar Industries in a report on Friday, November 17th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, November 7th. Finally, TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $42.00.
Gibraltar Industries (NASDAQ:ROCK) opened at $33.00 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36. The firm has a market capitalization of $1,045.71, a P/E ratio of 35.87 and a beta of 1.78. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $45.05.
Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $274.57 million for the quarter, compared to analyst estimates of $275.80 million. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. analysts anticipate that Gibraltar Industries will post 1.64 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in ROCK. Tower Research Capital LLC TRC bought a new stake in shares of Gibraltar Industries during the 2nd quarter valued at $147,000. SG Americas Securities LLC bought a new stake in shares of Gibraltar Industries during the 3rd quarter worth $157,000. Profund Advisors LLC lifted its position in shares of Gibraltar Industries by 9.1% during the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after buying an additional 480 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Gibraltar Industries during the 2nd quarter worth $305,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Gibraltar Industries during the 3rd quarter worth $327,000.
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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