Gibraltar Industries, Inc. (NASDAQ:ROCK) – Analysts at Seaport Global Securities lowered their Q3 2017 earnings estimates for Gibraltar Industries in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst W. Liptak now expects that the construction company will earn $0.58 per share for the quarter, down from their previous forecast of $0.65. Seaport Global Securities also issued estimates for Gibraltar Industries’ Q4 2017 earnings at $0.38 EPS, FY2017 earnings at $1.60 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.84 EPS.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The firm had revenue of $247.63 million for the quarter, compared to analysts’ expectations of $251.97 million. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis.
A number of other brokerages have also recently issued reports on ROCK. Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Friday, April 7th. BidaskClub upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, KeyCorp reiterated an “overweight” rating and set a $19.00 price objective (down from $49.00) on shares of Gibraltar Industries in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.00.
Shares of Gibraltar Industries (ROCK) opened at 30.20 on Monday. The firm’s 50-day moving average is $33.55 and its 200 day moving average is $37.35. The company has a market capitalization of $957.58 million, a PE ratio of 43.20 and a beta of 1.86. Gibraltar Industries has a 12 month low of $28.05 and a 12 month high of $48.05.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Gibraltar Industries by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 3,490 shares of the construction company’s stock worth $143,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC raised its position in Gibraltar Industries by 1.4% in the second quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after buying an additional 101 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Gibraltar Industries by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,860 shares of the construction company’s stock worth $407,000 after buying an additional 110 shares during the last quarter. Texas Permanent School Fund raised its position in Gibraltar Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 23,058 shares of the construction company’s stock worth $822,000 after buying an additional 192 shares during the last quarter. Finally, Navellier & Associates Inc raised its position in Gibraltar Industries by 2.5% in the first quarter. Navellier & Associates Inc now owns 8,528 shares of the construction company’s stock worth $351,000 after buying an additional 211 shares during the last quarter. 99.06% of the stock is currently owned by institutional investors.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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