The KeyCorp Reiterates Overweight Rating for Gibraltar Industries Inc (ROCK)

The KeyCorp Reiterates Overweight Rating for Gibraltar Industries Inc (ROCK)

Several other brokerages also recently commented on ROCK. Zacks Investment Research raised Gibraltar Industries from a sell rating to a hold rating in a report on Monday, March 20th. TheStreet downgraded Gibraltar Industries from a b rating to a c+ rating in a report on Friday, February 17th. Finally, Wedbush reduced their target price on Gibraltar Industries from $52.00 to $50.00 and set an outperform rating for the company in a report on Tuesday, February 21st.

KeyCorp reiterated their overweight rating on shares of Gibraltar Industries Inc (NASDAQ:ROCK) in a research note issued to investors on Thursday, May 11th. They currently have a $19.00 target price on the construction company’s stock, down from their previous target price of $49.00.

Gibraltar Industries (NASDAQ:ROCK) opened at 32.70 on Thursday. The company has a 50-day moving average of $34.67 and a 200 day moving average of $40.50. Gibraltar Industries has a 52 week low of $29.48 and a 52 week high of $48.05. The firm has a market cap of $1.04 billion, a P/E ratio of 36.78 and a beta of 2.03. Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Friday, May 5th. The construction company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. Gibraltar Industries had a net margin of 3.56% and a return on equity of 11.20%. The company had revenue of $206.60 million for the quarter, compared to analysts’ expectations of $209.88 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities analysts predict that Gibraltar Industries will post $1.63 earnings per share for the current year.

Gibraltar Industries (NASDAQ:ROCK) opened at 32.70 on Thursday. The company has a 50-day moving average of $34.67 and a 200 day moving average of $40.50. Gibraltar Industries has a 52 week low of $29.48 and a 52 week high of $48.05. The firm has a market cap of $1.04 billion, a P/E ratio of 36.78 and a beta of 2.03. Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Gibraltar Industries during the first quarter valued at about $112,000. LS Investment Advisors LLC increased its stake in shares of Gibraltar Industries by 175.4% in the first quarter. LS Investment Advisors LLC now owns 3,368 shares of the construction company’s stock valued at $139,000 after buying an additional 2,145 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Gibraltar Industries during the fourth quarter valued at about $142,000. State of Alaska Department of Revenue increased its stake in shares of Gibraltar Industries by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 3,490 shares of the construction company’s stock valued at $143,000 after buying an additional 100 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in shares of Gibraltar Industries during the first quarter valued at about $209,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ROCK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Gibraltar Industries Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Gibraltar Industries Inc and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment