Gibraltar Industries Inc. (NASDAQ:ROCK)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research note issued to investors on Friday. They presently have a $45.00 target price on the stock. Wedbush’s target price indicates a potential upside of 20.48% from the company’s current price.
Separately, Zacks Investment Research lowered Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 13th.
Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 37.35 on Friday. The firm’s 50-day moving average is $37.39 and its 200-day moving average is $33.08. The firm has a market cap of $1.18 billion, a P/E ratio of 31.90 and a beta of 2.25. Gibraltar Industries has a 52-week low of $18.23 and a 52-week high of $40.00.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Gibraltar Industries had a return on equity of 11.17% and a net margin of 3.44%. The company earned $263.10 million during the quarter, compared to analyst estimates of $271.27 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Gibraltar Industries’s revenue was up 3.9% on a year-over-year basis. Analysts anticipate that Gibraltar Industries will post $1.45 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its stake in Gibraltar Industries by 1,815.3% in the third quarter. MSI Financial Services Inc now owns 2,873 shares of the company’s stock worth $107,000 after buying an additional 2,723 shares during the last quarter. PineBridge Investments L.P. increased its stake in Gibraltar Industries by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,772 shares of the company’s stock worth $119,000 after buying an additional 140 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Gibraltar Industries by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,119 shares of the company’s stock worth $130,000 after buying an additional 499 shares during the last quarter. KBC Group NV purchased a new stake in Gibraltar Industries during the second quarter worth $137,000. Finally, BlackRock Inc. increased its stake in Gibraltar Industries by 120.5% in the second quarter. BlackRock Inc. now owns 4,911 shares of the company’s stock worth $155,000 after buying an additional 2,684 shares during the last quarter. Institutional investors own 98.10% of the company’s stock.
About Gibraltar Industries
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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