Gibraltar Industries (NASDAQ:ROCK) Rating Increased to Strong-Buy at StockNews.com

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 Thursday morning.

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock opened at $64.89 on Thursday. The business has a 50-day moving average of $60.62 and a 200-day moving average of $65.94. The company has a market capitalization of $1.97 billion, a PE ratio of 14.52 and a beta of 1.20. Gibraltar Industries has a 1-year low of $55.31 and a 1-year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The business had revenue of $302.06 million for the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter last year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts expect that Gibraltar Industries will post 4.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gibraltar Industries

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in Gibraltar Industries by 271.6% in 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 during the last quarter. Sterling Capital Management LLC lifted its holdings in Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock worth $31,000 after acquiring an additional 458 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after acquiring an additional 530 shares during the last quarter. Atticus Wealth Management LLC bought a new position in Gibraltar Industries in the fourth quarter worth about $53,000. Finally, KBC Group NV lifted its holdings in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after acquiring an additional 480 shares during the last quarter. 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.