Gibraltar Industries (ROCK) Upgraded to Buy by BidaskClub

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BidaskClub upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a hold rating to a buy rating in a report released on Wednesday morning.

Several other research firms also recently commented on ROCK. ValuEngine raised shares of Gibraltar Industries from a sell rating to a hold rating in a report on Thursday, November 15th. Sidoti began coverage on Gibraltar Industries in a research report on Tuesday, January 8th. They set a neutral rating and a $40.00 price target on the stock. Finally, Zacks Investment Research upgraded Gibraltar Industries from a sell rating to a hold rating in a research report on Thursday, November 15th.

NASDAQ ROCK opened at $39.14 on Wednesday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 18.61 and a beta of 1.48. Gibraltar Industries has a 52 week low of $31.15 and a 52 week high of $49.10. The company has a current ratio of 2.78, a quick ratio of 2.27 and a debt-to-equity ratio of 0.36.

Several institutional investors and hedge funds have recently made changes to their positions in ROCK. BlackRock Inc. increased its position in shares of Gibraltar Industries by 5.0% during the fourth quarter. BlackRock Inc. now owns 4,740,593 shares of the construction company’s stock valued at $168,719,000 after buying an additional 227,411 shares during the period. FMR LLC increased its position in shares of Gibraltar Industries by 9.9% during the third quarter. FMR LLC now owns 1,978,636 shares of the construction company’s stock valued at $90,225,000 after buying an additional 178,791 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Gibraltar Industries by 11.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,681,443 shares of the construction company’s stock valued at $59,842,000 after buying an additional 170,388 shares during the period. Monarch Partners Asset Management LLC bought a new stake in shares of Gibraltar Industries during the third quarter valued at about $6,454,000. Finally, Pzena Investment Management LLC increased its position in shares of Gibraltar Industries by 12.4% during the fourth quarter. Pzena Investment Management LLC now owns 1,231,364 shares of the construction company’s stock valued at $43,824,000 after buying an additional 136,035 shares during the period.

Gibraltar Industries Company Profile

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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