Gibraltar Industries (NASDAQ:ROCK - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Tuesday.
Gibraltar Industries Price Performance
Shares of ROCK stock traded down $0.13 during trading on Tuesday, hitting $66.00. 101,778 shares of the stock traded hands, compared to its average volume of 176,221. Gibraltar Industries has a 52-week low of $59.66 and a 52-week high of $87.40. The firm has a market capitalization of $2.01 billion, a P/E ratio of 17.74 and a beta of 1.14. The firm's fifty day moving average price is $68.35 and its 200-day moving average price is $70.84.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.08). The business had revenue of $353.00 million during the quarter, compared to analysts' expectations of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. Gibraltar Industries's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 EPS. As a group, equities research analysts expect that Gibraltar Industries will post 4.18 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ROCK. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries during the second quarter worth about $39,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 170 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Gibraltar Industries in the second quarter valued at $55,000. Quarry LP boosted its holdings 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 purchasing an additional 802 shares during the period. Finally, Point72 DIFC Ltd grew its stake in Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company's stock worth $91,000 after purchasing an additional 637 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.
About Gibraltar Industries
(
Get Free Report)
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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