BidaskClub Lowers Gibraltar Industries, Inc. (ROCK) to Strong Sell

BidaskClub downgraded shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) from a sell rating to a strong sell rating in a report published on Tuesday, August 1st.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Gibraltar Industries from a sell rating to a hold rating in a research note on Friday, April 7th. KeyCorp reissued an overweight rating and issued a $19.00 price target (down from $49.00) on shares of Gibraltar Industries in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $37.00.

Gibraltar Industries (NASDAQ ROCK) opened at 26.95 on Tuesday. The company has a market capitalization of $854.53 million, a price-to-earnings ratio of 38.56 and a beta of 1.83. Gibraltar Industries has a 12 month low of $25.61 and a 12 month high of $48.05. The company’s 50-day moving average price is $31.34 and its 200 day moving average price is $36.15.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $247.63 million during the quarter, compared to the consensus estimate of $251.97 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. Analysts forecast that Gibraltar Industries will post $1.58 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Gibraltar Industries during the first quarter worth $112,000. LS Investment Advisors LLC boosted its stake in shares of Gibraltar Industries by 175.4% in the first quarter. LS Investment Advisors LLC now owns 3,368 shares of the construction company’s stock worth $139,000 after buying an additional 2,145 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Gibraltar Industries by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 3,490 shares of the construction company’s stock worth $143,000 after buying an additional 100 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Gibraltar Industries during the second quarter worth $147,000. Finally, Profund Advisors LLC boosted its stake in shares of Gibraltar Industries by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after buying an additional 480 shares during the period.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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