Gibraltar Industries (NASDAQ:ROCK) Upgraded at StockNews.com

Gibraltar Industries (NASDAQ:ROCK) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Gibraltar Industries Stock Performance

Shares of Gibraltar Industries stock opened at $64.80 on Thursday. Gibraltar Industries has a one year low of $55.31 and a one year high of $85.36. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 18.00 and a beta of 1.20. The business’s 50 day moving average price is $60.72 and its 200 day moving average price is $65.95.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The company had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that Gibraltar Industries will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROCK. FMR LLC raised its position in Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after purchasing an additional 685,462 shares during the period. Wellington Management Group LLP raised its holdings in shares of Gibraltar Industries by 34.7% in the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock valued at $90,769,000 after buying an additional 397,313 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Gibraltar Industries by 27.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after buying an additional 322,422 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Gibraltar Industries by 32.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company’s stock valued at $33,604,000 after buying an additional 140,784 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Gibraltar Industries by 52.8% in the 4th quarter. Renaissance Technologies LLC now owns 260,465 shares of the construction company’s stock valued at $15,341,000 after buying an additional 90,000 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

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.