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This stock has beeen one of our favorite ones in the past 12 months.
Gibraltar Industries, Inc. (ROCK) manufactures and distributes building products in North America, Europe, and Asia.
Its Residential Products segment offers roof and foundation ventilation products and accessories, including solar powered units; postal and parcel storage products, such as single mailboxes, cluster boxes for multi-unit housing, and package delivery systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing and accessories; rain dispersion products consisting of gutters and accessories; and exterior retractable awnings. This segment also provides electronic parcel lockers, roof top safety kits, chimney caps, heat trace coils and exterior, remote-controlled deck awnings for sun protection, and solar-powered ventilation products.
The companys Industrial and Infrastructure Products segment offers fabricated bar grating and safety plank grating used in industrial flooring, walkways, stairs, platforms, safety barriers, drainage covers, and ventilation grates; expanded and perforated metals used in walkways, catwalks, automotive trims, shelving, fencing, barriers, and other applications where visibility and security are necessary; fiberglass grating; and expansion joint systems, bearing assemblies, and pavement sealing systems used in bridges, elevated highway, airport runways, and rail crossings. This segment also provides architectural facades for buildings, front grilles for truck tractor manufacturers; interior ceilings and lighting fixtures; and outdoor railings and balustrades.
Its Renewable Energy and Conservation segment designs and provides engineered solutions for solar racking systems and greenhouse structures.
Shares have formed a bullish "cup and handle" ahead of the Company's quarterly results on July 28. The stock is benefitting from the strong housing industry. Higher share prices are expected for this stock.
52-Weeks Trading Range: $15.94 - $36.60
Entry Price: $35.25
Stop Loss: $33.40
Target Price: $38.78
ROCK closed at $38.87
