Gibraltar Industries (NASDAQ:ROCK) Upgraded to “Strong-Buy” at BidaskClub

Gibraltar Industries (NASDAQ:ROCK) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, January 18th.

Several other brokerages also recently weighed in on ROCK. KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Gibraltar Industries in a report on Sunday, October 15th. TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $42.00.

Shares of Gibraltar Industries (ROCK) traded down $0.50 during trading hours on Thursday, hitting $31.35. The stock had a trading volume of 206,599 shares, compared to its average volume of 305,704. Gibraltar Industries has a 1 year low of $25.61 and a 1 year high of $44.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.36 and a quick ratio of 1.93. The company has a market capitalization of $1,002.93, a P/E ratio of 34.08 and a beta of 1.81.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROCK. Tower Research Capital LLC TRC bought a new stake in Gibraltar Industries in the 2nd quarter worth about $147,000. SG Americas Securities LLC bought a new stake in Gibraltar Industries in the 3rd quarter worth about $157,000. Profund Advisors LLC increased its holdings in Gibraltar Industries by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after buying an additional 480 shares in the last quarter. Penn Capital Management Co. Inc. bought a new stake in Gibraltar Industries in the 4th quarter worth about $294,000. Finally, Petrus Trust Company LTA bought a new stake in Gibraltar Industries in the 2nd quarter worth about $305,000.

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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’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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