Gibraltar Industries (NASDAQ:ROCK) Stock Rating Lowered by StockNews.com

Gibraltar Industries (NASDAQ:ROCK) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Gibraltar Industries Stock Performance

ROCK opened at $60.61 on Friday. The business’s 50-day simple moving average is $68.99 and its 200-day simple moving average is $69.64. Gibraltar Industries has a one year low of $59.61 and a one year high of $87.40. The stock has a market capitalization of $1.84 billion, a P/E ratio of 16.84 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 earnings per share. On average, equities research analysts forecast that Gibraltar Industries will post 4.18 EPS for the current fiscal year.

Institutional Trading of Gibraltar Industries

A number of large investors have recently bought and sold shares of ROCK. Farther Finance Advisors LLC raised its holdings in shares of Gibraltar Industries by 271.6% in the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock valued at $27,000 after buying an additional 277 shares during the last quarter. Innealta Capital LLC purchased a new stake in Gibraltar Industries during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC lifted its position 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 acquiring an additional 170 shares during the period. nVerses Capital LLC purchased a new position in shares of Gibraltar Industries in the 2nd quarter valued at approximately $55,000. Finally, Quarry LP increased its holdings in shares of 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. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Company Profile

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.