Gibraltar Industries (NASDAQ:ROCK) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Several other research firms also recently commented on ROCK. 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. TheStreet raised shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $39.00 price objective on shares of Gibraltar Industries in a report on Sunday, October 15th. Four analysts have rated the stock with a buy rating, Gibraltar Industries presently has an average rating of “Buy” and a consensus price target of $42.00.
Gibraltar Industries (NASDAQ:ROCK) traded up $0.05 during midday trading on Tuesday, reaching $33.75. 347,000 shares of the company’s stock traded hands, compared to its average volume of 272,100. The stock has a market capitalization of $1,067.89, a P/E ratio of 36.69 and a beta of 1.78. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $45.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36.
Several institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new stake in shares of Gibraltar Industries in the third quarter worth about $742,000. Epoch Investment Partners Inc. lifted its holdings in shares of Gibraltar Industries by 2.0% in the third quarter. Epoch Investment Partners Inc. now owns 366,580 shares of the construction company’s stock worth $11,419,000 after buying an additional 7,353 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gibraltar Industries by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,426,842 shares of the construction company’s stock worth $75,596,000 after buying an additional 34,097 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Gibraltar Industries by 6.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 163,250 shares of the construction company’s stock worth $5,086,000 after buying an additional 9,988 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gibraltar Industries in the third quarter worth about $750,000.
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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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