According to Zacks, “Gibraltar Industries’ shares look overvalued and also underperformed the Zacks categorized Building & Construction Products Miscellaneous industry, over the last three months. Dismal conditions in the commodity & energy related markets, a stronger U.S. dollar or extensive industry rivalry might continue to hurt the company’s financials in the quarters ahead. However, the company is poised to grow on the back of its 80/20 simplification process, strategic acquisitions and meaningful innovations. Over the last seven days, the Zacks Consensus Estimate for the stock remained unchanged for 2017.”
ROCK has been the subject of several other reports. Wedbush lowered their price objective on Gibraltar Industries from $52.00 to $50.00 and set an outperform rating for the company in a research note on Tuesday, February 21st. TheStreet lowered Gibraltar Industries from a b rating to a c+ rating in a research note on Friday, February 17th.
Shares of Gibraltar Industries (NASDAQ:ROCK) opened at 39.80 on Monday. The company has a 50-day moving average price of $41.43 and a 200 day moving average price of $41.00. The stock has a market capitalization of $1.26 billion, a PE ratio of 37.94 and a beta of 2.03. Gibraltar Industries has a 52 week low of $24.12 and a 52 week high of $48.05.
Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Friday, February 17th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The business earned $231.90 million during the quarter, compared to analyst estimates of $228.50 million. Gibraltar Industries had a return on equity of 11.20% and a net margin of 3.56%. The company’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. Equities analysts forecast that Gibraltar Industries will post $1.82 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. MSI Financial Services Inc raised its stake in Gibraltar Industries by 1,815.3% in the third quarter. MSI Financial Services Inc now owns 2,873 shares of the company’s stock valued at $107,000 after buying an additional 2,723 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Gibraltar Industries during the third quarter worth about $130,000. Pacad Investment Ltd. acquired a new stake in shares of Gibraltar Industries during the fourth quarter worth about $142,000. Smith Asset Management Group LP acquired a new stake in shares of Gibraltar Industries during the third quarter worth about $190,000. Finally, TD Asset Management Inc. acquired a new stake in shares of Gibraltar Industries during the third quarter worth about $215,000. 98.50% of the stock is owned by institutional investors and hedge funds.
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 operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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