Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Update

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 295,400 shares, a decrease of 27.8% from the December 15th total of 409,000 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 195,000 shares, the short-interest ratio is currently 1.5 days.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK traded up $0.10 during mid-day trading on Friday, hitting $62.30. The stock had a trading volume of 64,804 shares, compared to its average volume of 166,021. The company has a 50 day moving average of $65.79 and a two-hundred day moving average of $68.13. Gibraltar Industries has a twelve month low of $55.31 and a twelve month high of $87.40. The firm has a market cap of $1.89 billion, a PE ratio of 17.32 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. Equities research analysts predict that Gibraltar Industries will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 31st.

Institutional Investors Weigh In On Gibraltar Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in Gibraltar Industries by 27.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock worth $103,613,000 after purchasing an additional 322,422 shares during the period. State Street Corp boosted its stake in shares of Gibraltar Industries by 4.6% during the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock worth $89,390,000 after acquiring an additional 56,008 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Gibraltar Industries by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock worth $74,320,000 after acquiring an additional 138,194 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Gibraltar Industries by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock worth $57,882,000 after acquiring an additional 9,764 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Gibraltar Industries by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock worth $58,676,000 after acquiring an additional 32,950 shares in the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

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.