Gibraltar Industries (NASDAQ:ROCK) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a buy rating to a strong-buy rating in a report issued on Monday.

Gibraltar Industries Price Performance

ROCK opened at $68.27 on Monday. The stock has a 50-day moving average price of $68.08 and a 200-day moving average price of $71.26. The firm has a market cap of $2.08 billion, a PE ratio of 18.35 and a beta of 1.14. Gibraltar Industries has a 1 year low of $59.66 and a 1 year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $373.60 million. During the same period in the prior year, the firm earned $1.18 EPS. Gibraltar Industries’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gibraltar Industries will post 4.6 EPS for the current year.

Institutional Trading of Gibraltar Industries

Institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth about $39,000. GAMMA Investing LLC grew 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 valued at $51,000 after buying an additional 170 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Gibraltar Industries during the second quarter worth $55,000. Quarry LP raised its position in shares of Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after buying an additional 802 shares during the period. Finally, Point72 DIFC Ltd lifted its stake in shares of Gibraltar Industries by 92.1% during the second 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 owned by institutional investors and hedge funds.

About Gibraltar Industries

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.