Gibraltar Industries (NASDAQ:ROCK) Downgraded to “Sell” at ValuEngine

Gibraltar Industries (NASDAQ:ROCK) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday, ValuEngine reports.

Separately, BidaskClub lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Saturday, October 12th.

ROCK stock traded up $0.16 during midday trading on Monday, reaching $45.39. The company had a trading volume of 147,059 shares, compared to its average volume of 160,107. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 1.47. Gibraltar Industries has a 1 year low of $31.96 and a 1 year high of $47.23. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.21 and a beta of 1.50. The firm has a 50-day moving average price of $44.40 and a 200-day moving average price of $40.79.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, July 26th. The construction company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.05). Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The company had revenue of $262.70 million during the quarter, compared to analysts’ expectations of $273.30 million. During the same period in the prior year, the firm earned $0.71 EPS. Gibraltar Industries’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts predict that Gibraltar Industries will post 2.49 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brinker Capital Inc. bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $707,000. Strs Ohio bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $909,000. Envestnet Asset Management Inc. bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $1,831,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Gibraltar Industries by 15.3% in the 3rd 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. Finally, Pacer Advisors Inc. bought a new stake in shares of Gibraltar Industries in the 3rd quarter worth approximately $371,000.

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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