StockNews.com downgraded shares of Gibraltar Industries (NASDAQ:ROCK - Free Report) from a strong-buy rating to a buy rating in a report published on Wednesday morning.
Gibraltar Industries Price Performance
Shares of Gibraltar Industries stock traded down $0.24 on Wednesday, hitting $58.85. 100,393 shares of the company's stock traded hands, compared to its average volume of 179,238. Gibraltar Industries has a one year low of $55.31 and a one year high of $87.19. The company has a fifty day moving average of $61.28 and a two-hundred day moving average of $66.16. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.35 and a beta of 1.20.
Hedge Funds Weigh In On Gibraltar Industries
Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock valued at $51,000 after purchasing an additional 170 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Gibraltar Industries by 1.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company's stock valued at $965,000 after purchasing an additional 211 shares during the period. PNC Financial Services Group Inc. grew its holdings in Gibraltar Industries by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,401 shares of the construction company's stock valued at $200,000 after purchasing an additional 228 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Gibraltar Industries by 1.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 16,871 shares of the construction company's stock valued at $994,000 after purchasing an additional 237 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 277 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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