Separately, ValuEngine upgraded Gibraltar Industries from a sell rating to a hold rating in a report on Sunday, October 27th.
Shares of ROCK opened at $52.74 on Friday. Gibraltar Industries has a twelve month low of $33.93 and a twelve month high of $55.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.81. The firm’s 50 day moving average price is $51.68 and its 200 day moving average price is $46.31. The firm has a market cap of $1.65 billion, a PE ratio of 24.64 and a beta of 1.49.
Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Friday, October 25th. The construction company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 12.74% and a net margin of 6.20%. The company had revenue of $299.20 million for the quarter, compared to the consensus estimate of $290.20 million. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Gibraltar Industries will post 2.55 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in shares of Gibraltar Industries in the second quarter worth $31,000. Bank of Montreal Can grew its stake in shares of Gibraltar Industries by 240.0% in the second quarter. Bank of Montreal Can now owns 3,859 shares of the construction company’s stock worth $155,000 after acquiring an additional 2,724 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Gibraltar Industries in the second quarter worth $224,000. Jefferies Group LLC acquired a new stake in shares of Gibraltar Industries in the second quarter worth $303,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Gibraltar Industries by 15.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 7,569 shares of the construction company’s stock worth $348,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors own 99.14% of the company’s stock.
About Gibraltar Industries
Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.
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