Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Down 24.8% in May

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 312,100 shares, a decline of 24.8% from the May 15th total of 415,200 shares. Based on an average daily trading volume, of 154,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ROCK. Quadrant Capital Group LLC lifted its holdings in shares of Gibraltar Industries by 26.3% in the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after acquiring an additional 139 shares during the last quarter. Natixis Advisors L.P. lifted its position in Gibraltar Industries by 1.1% during the 4th quarter. Natixis Advisors L.P. now owns 18,326 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 194 shares during the period. Mackenzie Financial Corp increased its position in Gibraltar Industries by 8.7% during the 4th quarter. Mackenzie Financial Corp now owns 4,321 shares of the construction company’s stock valued at $341,000 after buying an additional 345 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Gibraltar Industries by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock worth $2,145,000 after purchasing an additional 345 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in shares of Gibraltar Industries by 2.1% in the first quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock worth $1,436,000 after buying an additional 364 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 29th.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK traded down $0.63 during midday trading on Friday, reaching $70.47. The company’s stock had a trading volume of 163,640 shares, compared to its average volume of 169,906. Gibraltar Industries has a fifty-two week low of $56.09 and a fifty-two week high of $87.40. The firm has a 50 day moving average price of $73.02 and a two-hundred day moving average price of $76.45. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 18.97 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The business had revenue of $292.51 million for the quarter, compared to analyst estimates of $296.29 million. During the same period in the prior year, the firm earned $0.70 earnings per share. Gibraltar Industries’s revenue was down .3% on a year-over-year basis. As a group, research analysts anticipate that Gibraltar Industries will post 4.79 earnings per share for the current year.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.