StockNews.com downgraded shares of Gibraltar Industries (NASDAQ:ROCK - Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.
Gibraltar Industries Stock Performance
Shares of NASDAQ ROCK traded up $0.02 during mid-day trading on Friday, reaching $60.61. The company had a trading volume of 1,652,870 shares, compared to its average volume of 180,964. The stock has a market capitalization of $1.84 billion, a PE ratio of 16.84 and a beta of 1.15. Gibraltar Industries has a twelve month low of $59.61 and a twelve month high of $87.40. The stock's 50 day moving average is $68.99 and its 200-day moving average is $69.64.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. During the same period in the previous year, the company earned $1.38 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Gibraltar Industries will post 4.18 EPS for the current year.
Institutional Trading of Gibraltar Industries
A number of hedge funds have recently bought and sold shares of ROCK. Farther Finance Advisors LLC increased its stake in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock valued at $27,000 after acquiring an additional 277 shares during the period. Innealta Capital LLC acquired a new position in shares of Gibraltar Industries in the 2nd quarter valued at $39,000. GAMMA Investing LLC lifted its holdings in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock worth $51,000 after acquiring an additional 170 shares during the period. nVerses Capital LLC acquired a new stake in shares of Gibraltar Industries during the 2nd quarter valued at about $55,000. Finally, Quarry LP increased its stake in Gibraltar Industries by 428.9% in the second quarter. Quarry LP now owns 989 shares of the construction company's stock valued at $68,000 after acquiring an additional 802 shares during the period. 98.39% of the stock is owned by institutional investors.
Gibraltar Industries Company Profile
(
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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.
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