Gibraltar Industries (NASDAQ:ROCK) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a strong-buy rating to a buy rating in a report published on Wednesday.

Gibraltar Industries Stock Down 3.4 %

NASDAQ ROCK opened at $58.29 on Wednesday. The business’s 50-day moving average price is $61.75 and its 200 day moving average price is $66.46. The firm has a market cap of $1.77 billion, a P/E ratio of 16.19 and a beta of 1.20. Gibraltar Industries has a 52-week low of $55.31 and a 52-week high of $87.19.

Hedge Funds Weigh In On Gibraltar Industries

Several institutional investors have recently bought and sold shares of ROCK. GAMMA Investing LLC increased its stake in shares of Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares during the period. Inspire Investing LLC lifted its holdings in shares of Gibraltar Industries by 14.5% in the 3rd quarter. Inspire Investing LLC now owns 5,884 shares of the construction company’s stock valued at $411,000 after buying an additional 744 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Gibraltar Industries by 35.5% in the third quarter. Wesbanco Bank Inc. now owns 24,428 shares of the construction company’s stock valued at $1,708,000 after buying an additional 6,400 shares in the last quarter. Bfsg LLC grew its holdings in Gibraltar Industries by 4,096.6% during the third quarter. Bfsg LLC now owns 69,705 shares of the construction company’s stock worth $4,874,000 after acquiring an additional 68,044 shares during the period. Finally, nVerses Capital LLC raised its position in Gibraltar Industries by 62.5% in the third quarter. nVerses Capital LLC now owns 1,300 shares of the construction company’s stock worth $91,000 after acquiring an additional 500 shares in the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

About Gibraltar Industries

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.