The stock of Gibraltar Industries Inc (NASDAQ:ROCK) hit a new 52-week high and has $60.13 target or 32.00% above today’s $45.55 share price. The 8 months bullish chart indicates low risk for the $1.46 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $60.13 price target is reached, the company will be worth $467.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $45.55 per share. It is down 62.85% since April 19, 2016 and is uptrending. It has outperformed by 58.99% the S&P500.
Gibraltar Industries Inc (NASDAQ:ROCK) Ratings Coverage
Out of 5 analysts covering Gibraltar Industries (NASDAQ:ROCK), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Gibraltar Industries has been the topic of 6 analyst reports since September 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Wedbush given on Friday, October 16. The company was initiated on Friday, October 16 by Sidoti. The firm earned “Hold” rating on Saturday, September 5 by TheStreet. The company was initiated on Monday, September 28 by Global Hunter Securities.
According to Zacks Investment Research, “Gibraltar Industries, Inc. is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets.”
Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.22, from 1.14 in 2016Q1. The ratio improved, as 13 funds sold all Gibraltar Industries Inc shares owned while 58 reduced positions. 26 funds bought stakes while 55 increased positions. They now own 30.28 million shares or 6.99% more from 28.30 million shares in 2016Q1.
Citadel Advsr Lc last reported 0% of its portfolio in the stock. Cupps Cap Mngmt Ltd owns 64,080 shares or 0.52% of their US portfolio. Kbc Nv accumulated 4,346 shares or 0% of the stock. Comml Bank Of Ny Mellon holds 0% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK) for 410,270 shares. Rbf Capital Lc last reported 0.88% of its portfolio in the stock. Blackrock Institutional Company Na reported 862,660 shares or 0% of all its holdings. Hbk Invests L P has invested 0% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK). One Trading Ltd Partnership has 0% invested in the company for 4,496 shares. Profund Advsrs Lc has invested 0.01% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK). Cna Fincl last reported 0.33% of its portfolio in the stock. Landscape Cap Management Ltd, a New Jersey-based fund reported 14,000 shares. Kirr Marbach & Ltd Liability Corp In last reported 0.07% of its portfolio in the stock. Systematic Mngmt Limited Partnership last reported 97,800 shares in the company. Alps owns 15,323 shares or 0% of their US portfolio. Hancock Com last reported 0.04% of its portfolio in the stock.
More news for Gibraltar Industries Inc (NASDAQ:ROCK) were recently published by: Nasdaq.com, which released: “The Zacks Analyst Blog Highlights: EMCOR Group, MasTec, Simpson Manufacturing …” on November 21, 2016. Nasdaq.com‘s article titled: “Zacks.com featured highlights: Stamps.com, Cambrex, Gibraltar Industries and …” and published on November 21, 2016 is yet another important article.
ROCK Company Profile
Gibraltar Industries, Inc., incorporated on September 17, 1993, is a maker and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Firm operates through three divisions: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation. The Firm serves clients primarily throughout North America, Europe and Asia. The Company’s clients include home improvement retailers, wholesalers, industrial distributors, contractors, solar developers and institutional and commercial growers of plants. The Firm operates over 50 facilities in approximately 20 states, Canada, England, Germany, China and Japan, which includes over 30 manufacturing facilities and approximately eight distribution centers.
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