Zacks Research Downgrades Gibraltar Industries (NASDAQ:ROCK) to Strong Sell

Gibraltar Industries (NASDAQ:ROCKGet Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on ROCK. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gibraltar Industries presently has a consensus rating of “Hold”.

Read Our Latest Analysis on ROCK

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $51.78 on Thursday. The company’s fifty day moving average price is $50.59 and its 200-day moving average price is $58.94. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 647.33, a PEG ratio of 0.79 and a beta of 1.26. Gibraltar Industries has a one year low of $42.86 and a one year high of $75.08.

Gibraltar Industries (NASDAQ:ROCKGet Free Report) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). The company had revenue of $310.94 million for the quarter, compared to the consensus estimate of $317.50 million. Gibraltar Industries had a return on equity of 12.58% and a net margin of 0.35%.The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. As a group, equities research analysts expect that Gibraltar Industries will post 4.91 EPS for the current year.

Institutional Investors Weigh In On Gibraltar Industries

Several institutional investors and hedge funds have recently bought and sold shares of ROCK. EverSource Wealth Advisors LLC increased its stake in shares of Gibraltar Industries by 73.0% during the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after buying an additional 203 shares during the period. Advisory Services Network LLC bought a new stake in Gibraltar Industries in the third quarter valued at $38,000. Osaic Holdings Inc. increased its position in Gibraltar Industries by 16.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock valued at $79,000 after purchasing an additional 194 shares during the period. AlphaQuest LLC increased its position in Gibraltar Industries by 34.5% during the 2nd quarter. AlphaQuest LLC now owns 2,251 shares of the construction company’s stock valued at $133,000 after purchasing an additional 577 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Gibraltar Industries by 149.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,706 shares of the construction company’s stock worth $170,000 after purchasing an additional 1,620 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries News Roundup

Here are the key news stories impacting Gibraltar Industries this week:

Gibraltar Industries Company Profile

(Get Free Report)

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.

Further Reading

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