Gibraltar Industries (NASDAQ:ROCK) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, April 3rd, BidAskClub reports.
A number of other research analysts have also recently weighed in on ROCK. Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, January 2nd. ValuEngine raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Finally, Sidoti started coverage on shares of Gibraltar Industries in a research report on Tuesday, January 8th. They set a “neutral” rating and a $40.00 price target on the stock.
Shares of NASDAQ ROCK traded down $0.05 during midday trading on Wednesday, reaching $39.81. 187,480 shares of the stock were exchanged, compared to its average volume of 157,482. Gibraltar Industries has a 52-week low of $31.96 and a 52-week high of $49.10. The company has a market cap of $1.28 billion, a PE ratio of 18.60 and a beta of 1.53.
Hedge funds have recently made changes to their positions in the business. Laurion Capital Management LP purchased a new stake in shares of Gibraltar Industries during the third quarter valued at approximately $201,000. Ibex Investors LLC purchased a new stake in shares of Gibraltar Industries during the third quarter valued at approximately $201,000. Amalgamated Bank purchased a new stake in shares of Gibraltar Industries during the third quarter valued at approximately $211,000. PNC Financial Services Group Inc. raised its stake in shares of Gibraltar Industries by 99.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,849 shares of the construction company’s stock valued at $173,000 after purchasing an additional 2,418 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of Gibraltar Industries during the third quarter valued at approximately $229,000.
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.
Further Reading: Understanding Market Liquidity
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