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 released on Thursday morning.

Gibraltar Industries Stock Down 0.6 %

ROCK stock opened at $64.89 on Thursday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 14.52 and a beta of 1.20. The business has a fifty day simple moving average of $60.62 and a 200-day simple moving average of $65.94. Gibraltar Industries has a 52 week low of $55.31 and a 52 week high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. As a group, analysts expect that Gibraltar Industries will post 4.91 earnings per share for the current fiscal year.

Institutional Trading of Gibraltar Industries

Several large investors have recently added to or reduced their stakes in the stock. PharVision Advisers LLC acquired a new stake in Gibraltar Industries in the 4th quarter valued at $423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Gibraltar Industries by 4.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,581 shares of the construction company’s stock valued at $4,570,000 after acquiring an additional 3,650 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Gibraltar Industries by 4.8% during the fourth quarter. Systematic Financial Management LP now owns 115,910 shares of the construction company’s stock valued at $6,827,000 after acquiring an additional 5,275 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Gibraltar Industries by 37.4% during the fourth quarter. ProShare Advisors LLC now owns 10,356 shares of the construction company’s stock valued at $610,000 after acquiring an additional 2,819 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Gibraltar Industries by 6.6% during the fourth quarter. Nuveen Asset Management LLC now owns 364,410 shares of the construction company’s stock valued at $21,464,000 after acquiring an additional 22,638 shares in the last quarter. 98.39% of the stock is currently 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.