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

Gibraltar Industries (NASDAQ:ROCK) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Gibraltar Industries Trading Down 1.9 %

Shares of NASDAQ ROCK opened at $66.98 on Friday. The company has a 50-day moving average of $69.58 and a 200 day moving average of $69.90. Gibraltar Industries has a 12-month low of $61.92 and a 12-month high of $87.40. The stock has a market cap of $2.03 billion, a PE ratio of 18.61 and a beta of 1.15.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after purchasing an additional 277 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Gibraltar Industries in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC increased its holdings in shares of 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 during the last quarter. nVerses Capital LLC purchased a new stake in shares of Gibraltar Industries during the 2nd quarter valued at approximately $55,000. Finally, Quarry LP raised its position in shares of Gibraltar Industries by 428.9% during the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

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.