Gibraltar Industries (NASDAQ:ROCK) Downgraded by Wall Street Zen to "Hold"

Key Points

• Gibraltar Industries has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• The company's most recent quarterly earnings report showed an EPS of $0.95, surpassing the estimate of $0.86, but revenue declined by 0.9% compared to the previous year.
• Hedge funds have increased their stakes in Gibraltar Industries significantly, with Sterling Capital Management raising its position by 645.1% in the last quarter.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Gibraltar Industries Trading Up 0.2%

NASDAQ ROCK traded up $0.11 on Friday, reaching $64.43. The company's stock had a trading volume of 210,428 shares, compared to its average volume of 266,215. The firm has a market cap of $1.90 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The business has a 50-day moving average price of $61.28 and a 200 day moving average price of $60.25. Gibraltar Industries has a 52 week low of $48.96 and a 52 week high of $74.97.

Institutional Trading of Gibraltar Industries

Several hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of Gibraltar Industries by 645.1% during the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock worth $31,000 after acquiring an additional 458 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Gibraltar Industries during the first quarter worth $36,000. GAMMA Investing LLC raised its holdings in shares of Gibraltar Industries by 63.1% during the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after acquiring an additional 313 shares during the period. State of Wyoming acquired a new stake in shares of Gibraltar Industries during the first quarter worth $56,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Gibraltar Industries by 40.6% during the first quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock worth $59,000 after acquiring an additional 288 shares during the period. 98.39% of the stock is 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.