We issued an updated research report on Gibraltar Industries Inc. ROCK on Dec 11, 2015. The company specializes in manufacture and distribution of a diverse range of products especially in the industrial and building markets.
Gibraltar Industries has performed well in the past few quarters. Armed with a diversified products portfolio, including ventilation and expanded metal, mail storage solutions and rain dispersion products & solutions, the company’s long-term prospects appear solid as well. These products cater to the needs of the company’s large global customer base.
Also, Gibraltar Industries is making concerted efforts to check expenses and favorably align its businesses with new patterns of market demand. The company aims to follow a four-pillar growth strategy, involving operational improvement, product innovation, strategic acquisitions and superior portfolio management.
In the near term, Gibraltar Industries’ inorganic growth strategies are anticipated to yield benefits and thus, improve its profitability as well as shareholders’ wealth. In Jun 2015, the company had acquired the outstanding shares of RBI Solar, Inc., Rough Brothers Manufacturing Inc., and its associates (collectively known as ‘RBI’). This acquisition is expected to add roughly $155–$160 million in aggregate revenue for 2015.
Gibraltar Industries has also raised its outlook for full-year 2015, on expectations of solid returns from better product pricing, efficient cost-saving programs and greater operational efficiency. Full-year 2015 earnings guidance was increased to a range of 90–95 cents per share from the prior projection of 78–88 cents. Revenues for full-year 2015 are predicted within $990 million–$1 billion, up 15% from $862 million earned at 2014-end.
With a market capitalization of $780 million, Gibraltar Industries presently sports a Zacks Rank #1 (Strong Buy). The above-mentioned positives justify the stock’s high investment value.
Other stocks worth considering in the industry include Quanex Building Products Corporation NX, Masco Corporation MAS and Cementos Pacasmayo SAA CPAC. While Quanex Building Products sports a Zacks Rank #1 (Strong Buy), both Masco Corporation and Cementos Pacasmayo carry a Zacks Rank #2 (Buy).
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