Gibraltar Industries (NASDAQ:ROCK) Stock Rating Lowered by StockNews.com

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Friday.

Gibraltar Industries Stock Down 0.0 %

NASDAQ:ROCK traded down $0.03 on Friday, reaching $80.53. The company's stock had a trading volume of 142,012 shares, compared to its average volume of 178,052. Gibraltar Industries has a 12-month low of $45.73 and a 12-month high of $87.40. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.43 and a beta of 1.17. The stock has a 50 day moving average price of $79.96 and a 200 day moving average price of $73.57.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its earnings results on Wednesday, February 21st. The construction company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The business had revenue of $328.80 million during the quarter, compared to analysts' expectations of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. Gibraltar Industries's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. Equities research analysts expect that Gibraltar Industries will post 4.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its stake in shares of Gibraltar Industries by 122.0% during the 4th quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company's stock worth $64,766,000 after buying an additional 450,665 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Gibraltar Industries by 182.7% during the third quarter. Assenagon Asset Management S.A. now owns 335,518 shares of the construction company's stock worth $22,651,000 after purchasing an additional 216,818 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Gibraltar Industries by 630.8% in the first quarter. JPMorgan Chase & Co. now owns 235,567 shares of the construction company's stock valued at $11,425,000 after acquiring an additional 203,334 shares during the last quarter. State Street Corp boosted its holdings in Gibraltar Industries by 12.7% in the second quarter. State Street Corp now owns 1,256,065 shares of the construction company's stock valued at $48,673,000 after acquiring an additional 141,780 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in Gibraltar Industries in the first quarter valued at $5,777,000. 98.39% of the stock is 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.