Gibraltar Industries (NASDAQ:ROCK) Lifted 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 sent to investors on Monday.

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK opened at $68.86 on Monday. Gibraltar Industries has a 1-year low of $48.76 and a 1-year high of $87.40. The business’s fifty day moving average price is $75.98 and its two-hundred day moving average price is $74.85. The firm has a market capitalization of $2.10 billion, a PE ratio of 19.48 and a beta of 1.17.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The business had revenue of $328.80 million during the quarter, compared to the consensus estimate of $331.40 million. During the same period in the previous year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts expect that Gibraltar Industries will post 4.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Millburn Ridgefield Corp bought a new position in shares of Gibraltar Industries in the third quarter worth $28,000. Catalyst Capital Advisors LLC bought a new position in Gibraltar Industries during the third quarter valued at about $28,000. Quadrant Capital Group LLC boosted its stake in Gibraltar Industries by 26.3% during the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after buying an additional 139 shares in the last quarter. Covestor Ltd boosted its stake in Gibraltar Industries by 13,540.0% during the third quarter. Covestor Ltd now owns 682 shares of the construction company’s stock valued at $46,000 after buying an additional 677 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in Gibraltar Industries during the fourth quarter valued at about $57,000. 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.