Gibraltar Industries Inc (ROCK) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $30 . Wedbush advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Gibraltar Industries Inc. Gibraltar Industries Inc was Downgraded by Sidoti to ” Neutral” on Feb 22, 2016.
On the company’s financial health, Gibraltar Industries Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.12. The company had revenue of $233.70 million for the quarter, compared to analysts expectations of $226.37 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Gibraltar Industries Inc opened for trading at $24.72 and hit $29.6299 on the upside on Friday, eventually ending the session at $29.3, with a gain of 16.09% or 4.06 points. The heightened volatility saw the trading volume jump to 5,87,736 shares. Company has a market cap of $918 M.
Gibraltar Industries Inc. is a manufacturer and distributor of products that provide structural and architectural enhancements for residential homes retail other commercial and professional buildings industrial plants bridges and a range of other structures. The Company operates through two segments: Residential Products and Industrial and Infrastructure Products. Residential Products primarily includes roof and foundation ventilation products mail and package storage products rain dispersion products and roofing accessories. The Industrial and Infrastructure Products primarily includes fabricated bar grating expanded and perforated metal expansion joints and structural bearings. The Company serves customers in North America Europe Asia Africa Australia and Central and South America. As of December 31 2014 the Company operated 35 facilities in the United States five in Canada and two in Europe of which 27 were leased and 15 were owned.