Gibraltar Industries (NASDAQ:ROCK) Trading 7.9% Higher – Time to Buy?

Gibraltar Industries, Inc. (NASDAQ:ROCK) traded up 7.9% during mid-day trading on Friday . The company traded as high as $47.20 and last traded at $47.7050. 181,104 shares were traded during trading, a decline of 36% from the average session volume of 281,282 shares. The stock had previously closed at $44.20.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ROCK shares. Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gibraltar Industries in a research note on Friday, October 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Gibraltar Industries Stock Performance

The firm has a fifty day moving average price of $62.38 and a 200 day moving average price of $61.68. The stock has a market cap of $1.42 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.05 and a beta of 1.27.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The business had revenue of $310.94 million for the quarter, compared to analyst estimates of $317.50 million. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, equities research analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Institutional Trading of Gibraltar Industries

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Gibraltar Industries during the first quarter worth $36,000. Advisory Services Network LLC purchased a new stake in shares of Gibraltar Industries during the third quarter valued at $38,000. State of Wyoming acquired a new position in shares of Gibraltar Industries in the 1st quarter valued at $56,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Gibraltar Industries by 40.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company’s stock valued at $59,000 after acquiring an additional 288 shares during the period. 98.39% of the stock is currently 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.