Price Action to Note: Gibraltar Industries Inc’s Stock Is Buy After Achieving 52-Week High

Price Action to Note: Gibraltar Industries Inc's Stock Is Buy After Achieving 52 Week High

The stock of Gibraltar Industries Inc (NASDAQ:ROCK) hit a new 52-week high and has $56.83 target or 32.00% above today’s $43.05 share price. The 9 months bullish chart indicates low risk for the $1.41B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $56.83 price target is reached, the company will be worth $451.20 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. About 152,090 shares traded hands. Gibraltar Industries Inc (NASDAQ:ROCK) has risen 53.45% since April 7, 2016 and is uptrending. It has outperformed by 48.67% 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 rating was initiated by Wedbush with “Outperform” on Friday, October 16. Sidoti initiated it with “Buy” rating and $25.0 target price in Friday, October 16 report. The rating was initiated by Global Hunter Securities with “Buy” on Monday, September 28. The stock of Gibraltar Industries Inc (NASDAQ:ROCK) has “Hold” rating given on Saturday, September 5 by TheStreet.

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 decreased to 1.14 in Q2 2016. Its down 0.30, from 1.44 in 2016Q1. The ratio fall, 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.
Fincl Bank Of America Corp De accumulated 60,840 shares or 0% of the stock. Nicholas Invest Prtnrs L P, a California-based fund reported 99,196 shares. Renaissance Technologies Limited Company reported 903,353 shares or 0.05% of all its holdings. California Public Employees Retirement Sys reported 82,200 shares or 0% of all its holdings. Blackrock Advsr Limited Liability has 0% invested in the company for 66,862 shares. Vantage Invest Advsr Ltd Liability holds 0% or 200 shares in its portfolio. Moreover, Robeco Institutional Asset Mgmt Bv has 0% invested in Gibraltar Industries Inc (NASDAQ:ROCK) for 6,688 shares. Jpmorgan Chase has 0% invested in the company for 351,700 shares. Clarivest Asset Ltd Liability Com has invested 0.01% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK). The New York-based Epoch Invest Partners has invested 0.04% in Gibraltar Industries Inc (NASDAQ:ROCK). Gabelli Funds Limited Com has invested 0.01% of its portfolio in Gibraltar Industries Inc (NASDAQ:ROCK). Franklin Resource reported 1.87 million shares or 0.03% of all its holdings. Manufacturers Life Insurance The reported 21,560 shares or 0% of all its holdings. Leuthold Group Limited Liability Corporation owns 80,883 shares or 0.27% of their US portfolio. Deutsche Bancorp Ag holds 0% or 182,042 shares in its portfolio.

More important recent Gibraltar Industries Inc (NASDAQ:ROCK) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 11, 2009, also Streetinsider.com published article titled: “Gibraltar Industries (ROCK) CFO to Retire”, Quotes.Wsj.com published: “News Gibraltar Industries Inc.ROCK” on February 12, 2011. More interesting news about Gibraltar Industries Inc (NASDAQ:ROCK) was released by: Businesswire.com and their article: “Gibraltar Industries to Present at the Baird Global Industrial Conference 2016” with publication date: November 03, 2016.

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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