Gibraltar Industries (NASDAQ:ROCK) Upgraded at 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 Tuesday.

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $58.42 on Tuesday. The stock has a 50 day moving average price of $67.56 and a 200 day moving average price of $68.83. Gibraltar Industries has a 52-week low of $58.11 and a 52-week high of $87.40. The firm has a market capitalization of $1.77 billion, a P/E ratio of 16.23 and a beta of 1.15.

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

Institutional Trading of Gibraltar Industries

Several large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in 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 acquiring an additional 277 shares during the period. GAMMA Investing LLC lifted its stake in Gibraltar Industries by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after purchasing an additional 170 shares in the last quarter. nVerses Capital LLC purchased a new position in Gibraltar Industries during the second quarter worth approximately $55,000. Quarry LP boosted 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 acquiring an additional 802 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its holdings in Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock valued at $91,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors 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.