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

Gibraltar Industries (NASDAQ:ROCK) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $71.46 on Monday. The business’s 50 day simple moving average is $76.25 and its 200 day simple moving average is $74.79. Gibraltar Industries has a 1 year low of $48.76 and a 1 year high of $87.40. The company has a market capitalization of $2.18 billion, a P/E ratio of 19.91 and a beta of 1.17.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Gibraltar Industries had a return on equity of 14.50% and a net margin of 8.02%. The business had revenue of $328.80 million for the quarter, compared to the consensus estimate of $331.40 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Gibraltar Industries will post 4.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Legato Capital Management LLC bought a new position in Gibraltar Industries during the 4th quarter worth $1,008,000. Pacer Advisors Inc. lifted its position in Gibraltar Industries by 122.0% in the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company’s stock valued at $64,766,000 after acquiring an additional 450,665 shares in the last quarter. Nordea Investment Management AB lifted its position in Gibraltar Industries by 7.6% in the 4th quarter. Nordea Investment Management AB now owns 113,760 shares of the construction company’s stock valued at $9,005,000 after acquiring an additional 8,055 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Gibraltar Industries by 79.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company’s stock valued at $5,319,000 after acquiring an additional 34,866 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its position in Gibraltar Industries by 2,421.3% in the 4th quarter. AlphaMark Advisors LLC now owns 3,782 shares of the construction company’s stock valued at $299,000 after acquiring an additional 3,632 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

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.