Gibraltar Industries (NASDAQ:ROCK) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• Gibraltar Industries has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, reflecting a negative outlook on the stock.
• In a separate report, Wall Street Zen also lowered their rating from "buy" to "hold," contributing to an average stock rating of "sell" across analysts.
• Most recently, the company reported a missed earnings estimate with an EPS of $1.13, falling short of the consensus estimate of $1.16, and revenue of $309.50 million against expectations of $381.40 million.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Monday,Zacks.com reports.

Separately, Wall Street Zen downgraded Gibraltar Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

Gibraltar Industries Trading Down 1.1%

Shares of NASDAQ ROCK opened at $62.80 on Monday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.98 and a beta of 1.26. Gibraltar Industries has a 12 month low of $48.96 and a 12 month high of $74.97. The stock has a 50-day moving average price of $62.50 and a two-hundred day moving average price of $60.02.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results 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 business had revenue of $309.50 million for the quarter, compared to analyst estimates of $381.40 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The firm's revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. On average, sell-side analysts predict that Gibraltar Industries will post 4.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company's stock valued at $28,000 after buying an additional 203 shares during the period. Brooklyn Investment Group acquired a new position in shares of Gibraltar Industries in the first quarter valued at approximately $36,000. GAMMA Investing LLC increased its stake in shares of Gibraltar Industries by 63.1% in the first quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock valued at $47,000 after buying an additional 313 shares during the period. State of Wyoming acquired a new position in shares of Gibraltar Industries in the first quarter valued at approximately $56,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Gibraltar Industries by 40.6% in the first 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 period. Institutional investors and hedge funds own 98.39% of the company's stock.

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.

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