Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $41.50 and traded as high as $42.44. Gibraltar Industries shares last traded at $41.61, with a volume of 348,575 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Longbow Research assumed coverage on Gibraltar Industries in a research note on Tuesday, July 7th. They issued a "buy" rating on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Gibraltar Industries in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Gibraltar Industries currently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on ROCK
Gibraltar Industries Stock Performance
The company has a debt-to-equity ratio of 1.37, a current ratio of 1.46 and a quick ratio of 0.91. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -8.26, a PEG ratio of 0.67 and a beta of 1.24. The firm's fifty day moving average is $41.50 and its 200 day moving average is $43.24.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.09. The firm had revenue of $509.55 million for the quarter, compared to analyst estimates of $472.09 million. Gibraltar Industries had a negative net margin of 10.43% and a positive return on equity of 11.23%. The company's revenue for the quarter was down 100.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. On average, analysts predict that Gibraltar Industries, Inc. will post 3.82 EPS for the current fiscal year.
Hedge Funds Weigh In On Gibraltar Industries
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Gibraltar Industries in the second quarter valued at about $221,886,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Gibraltar Industries during the 2nd quarter worth about $44,420,000. First Wilshire Securities Management Inc. raised its holdings in Gibraltar Industries by 287.7% during the 1st quarter. First Wilshire Securities Management Inc. now owns 499,923 shares of the construction company's stock worth $19,932,000 after purchasing an additional 370,985 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Gibraltar Industries during the 2nd quarter worth about $7,650,000. Finally, Palisade Capital Management LP acquired a new position in Gibraltar Industries during the 2nd quarter valued at about $7,596,000. 98.39% of the stock is owned by institutional investors and hedge funds.
About Gibraltar Industries
(
Get Free Report)
Gibraltar Industries, Inc is a Buffalo, New York-based manufacturer of products and services used in the construction, renewable energy, infrastructure and controlled-environment agriculture markets. The company serves residential and commercial builders, contractors, utilities, solar developers, growers and other industrial customers.
Its products include roofing and ventilation components, solar racking and mounting systems, greenhouse structures and related growing systems, and engineered products for infrastructure and industrial applications.
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