BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a sell rating to a hold rating in a report issued on Wednesday, December 27th.
Other equities research analysts have also issued reports about the stock. KeyCorp reissued a buy rating and set a $39.00 price objective on shares of Gibraltar Industries in a report on Friday, November 17th. Zacks Investment Research raised shares of Gibraltar Industries from a hold rating to a buy rating and set a $37.00 price objective on the stock in a report on Tuesday, November 7th. Finally, TheStreet raised shares of Gibraltar Industries from a c rating to a b- rating in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $42.00.
Gibraltar Industries (NASDAQ:ROCK) opened at $35.90 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $45.05. The stock has a market cap of $1,110.00, a price-to-earnings ratio of 38.60 and a beta of 1.78.
A number of hedge funds and other institutional investors have recently bought and sold shares of ROCK. Pzena Investment Management LLC lifted its position in Gibraltar Industries by 133.5% during the third quarter. Pzena Investment Management LLC now owns 1,852,838 shares of the construction company’s stock valued at $57,716,000 after purchasing an additional 1,059,175 shares during the period. Westwood Holdings Group Inc. acquired a new position in Gibraltar Industries during the second quarter valued at $25,836,000. Aberdeen Asset Management PLC UK lifted its position in Gibraltar Industries by 56.6% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,739,266 shares of the construction company’s stock valued at $62,005,000 after purchasing an additional 628,640 shares during the period. FMR LLC lifted its position in Gibraltar Industries by 63.7% during the second quarter. FMR LLC now owns 1,307,993 shares of the construction company’s stock valued at $46,630,000 after purchasing an additional 509,133 shares during the period. Finally, HCSF Management LLC raised its position in shares of Gibraltar Industries by 63.8% in the second quarter. HCSF Management LLC now owns 422,404 shares of the construction company’s stock worth $15,059,000 after acquiring an additional 164,500 shares during the period.
About Gibraltar Industries
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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