Gibraltar Industries (NASDAQ:ROCK) Given "Hold (C)" Rating at Weiss Ratings

Gibraltar Industries (NASDAQ:ROCK - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Gibraltar Industries from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Wall Street Zen cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Gibraltar Industries has a consensus rating of "Reduce".

Gibraltar Industries Trading Up 4.3%

ROCK opened at $67.21 on Wednesday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.01 and a beta of 1.30. Gibraltar Industries has a 12 month low of $48.96 and a 12 month high of $74.97. The firm's fifty day simple moving average is $62.44 and its 200 day simple moving average is $60.09.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.03). The company had revenue of $309.50 million during the quarter, compared to the consensus estimate of $381.40 million. Gibraltar Industries had a net margin of 10.08% and a return on equity of 12.91%. The company's revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. On average, equities research analysts predict that Gibraltar Industries will post 4.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ROCK. EverSource Wealth Advisors LLC increased its stake in shares of Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company's stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Gibraltar Industries during the 1st quarter worth about $36,000. GAMMA Investing LLC increased its stake in shares of Gibraltar Industries by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares during the last quarter. State of Wyoming acquired a new position in Gibraltar Industries in the 1st quarter valued at about $56,000. Finally, Smartleaf Asset Management LLC grew its stake in Gibraltar Industries by 40.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 997 shares of the construction company's stock valued at $59,000 after buying an additional 288 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

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.

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