Gibraltar Industries (NASDAQ:ROCK) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.

Gibraltar Industries Trading Down 1.5 %

ROCK stock opened at $71.69 on Tuesday. Gibraltar Industries has a 1-year low of $61.92 and a 1-year high of $87.40. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 19.91 and a beta of 1.15. The company’s 50 day moving average is $69.61 and its 200 day moving average is $70.08.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. As a group, sell-side analysts forecast that Gibraltar Industries will post 4.18 EPS for the current fiscal year.

Institutional Trading of Gibraltar Industries

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after acquiring an additional 277 shares in the last quarter. Innealta Capital LLC purchased a new position in Gibraltar Industries in the 2nd quarter worth $39,000. GAMMA Investing LLC boosted its position in Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after buying an additional 170 shares during the period. nVerses Capital LLC bought a new position in shares of Gibraltar Industries during the second quarter valued at about $55,000. Finally, Quarry LP increased its holdings in shares of Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after buying an additional 802 shares during the period. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.