Exclusive: Could Gibraltar Industries Inc See a Reversal After Breaking Its 52-Week High?

Exclusive: Could Gibraltar Industries Inc See a Reversal After Breaking Its 52 Week High?

The stock of Gibraltar Industries Inc (NASDAQ:ROCK) hit a new 52-week high and has $51.23 target or 9.00% above today’s $47.00 share price. The 5 months bullish chart indicates low risk for the $1.51 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $51.23 price target is reached, the company will be worth $135.90M 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 decreased 1.78% or $0.85 during the last trading session, hitting $47. About 133,849 shares traded hands. Gibraltar Industries Inc (NASDAQ:ROCK) has risen 74.19% since April 25, 2016 and is uptrending. It has outperformed by 68.18% the S&P500.

Analysts await Gibraltar Industries Inc (NASDAQ:ROCK) to report earnings on February, 16. They expect $0.32 EPS, up 10.34% or $0.03 from last year’s $0.29 per share. ROCK’s profit will be $10.28M for 36.72 P/E if the $0.32 EPS becomes a reality. After $0.55 actual EPS reported by Gibraltar Industries Inc for the previous quarter, Wall Street now forecasts -41.82% negative EPS growth.

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 “Hold” rating by TheStreet given on Saturday, September 5. The firm has “Buy” rating by Global Hunter Securities given on Monday, September 28. The stock of Gibraltar Industries Inc (NASDAQ:ROCK) has “Outperform” rating given on Friday, October 16 by Wedbush. The firm has “Buy” rating by Sidoti given on Friday, October 16.

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 Q2 2016. Its up 0.22, from 1.14 in 2016Q1. The ratio is positive, 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.
State Street, a Massachusetts-based fund reported 662,004 shares. Intl holds 0% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK) for 23,168 shares. Tci Wealth Advsrs Inc holds 0% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK) for 29 shares. Eam Investors Ltd Liability last reported 122,031 shares in the company. Cibc World Markets holds 0.01% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK) for 39,007 shares. Prudential Fincl holds 0% or 78,329 shares in its portfolio. The California-based Nicholas Inv Prns Lp has invested 0.22% in Gibraltar Industries Inc (NASDAQ:ROCK). Aberdeen Asset Mgmt Public Ltd Com Uk holds 836,426 shares or 0.1% of its portfolio. Systematic Mngmt Lp owns 97,800 shares or 0.04% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 823 shares. Babson Capital Ltd accumulated 0.01% or 6,600 shares. Geode Capital Management Limited Liability Corporation, a Massachusetts-based fund reported 221,916 shares. Hbk Investments Lp has 18,700 shares for 0% of their US portfolio. Moreover, Alps Advsr Incorporated has 0% invested in Gibraltar Industries Inc (NASDAQ:ROCK) for 15,323 shares. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.09% in Gibraltar Industries Inc (NASDAQ:ROCK).

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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