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

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the recipient of a large 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 shares of the stock are sold short. Based on an average daily trading volume, of 195,000 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors and hedge funds have recently bought and sold shares of ROCK. Texas Permanent School Fund Corp grew its stake in shares of Gibraltar Industries by 27.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after purchasing an additional 7,369 shares during the last quarter. Intech Investment Management LLC acquired a new position in Gibraltar Industries in the second quarter worth approximately $770,000. FMR LLC increased its holdings in shares of Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after buying an additional 685,462 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Gibraltar Industries by 4.1% in the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock valued at $58,676,000 after buying an additional 32,950 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gibraltar Industries during the 3rd quarter valued at $792,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Stock Up 0.5 %

ROCK traded up $0.31 during trading on Friday, reaching $62.51. The stock had a trading volume of 143,663 shares, compared to its average volume of 173,624. The stock has a 50 day moving average of $65.79 and a two-hundred day moving average of $68.13. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.36 and a beta of 1.19. Gibraltar Industries has a 1-year low of $55.31 and a 1-year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million during the quarter, compared to analyst estimates of $360.43 million. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. On average, research analysts forecast that Gibraltar Industries will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Gibraltar Industries

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.