Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Down 21.4% in December

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 484,038 shares, a drop of 21.4% from the December 15th total of 615,638 shares. Based on an average daily trading volume, of 283,418 shares, the short-interest ratio is presently 1.7 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 283,418 shares, the short-interest ratio is presently 1.7 days.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROCK shares. CJS Securities raised shares of Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. Finally, Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Gibraltar Industries

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in Gibraltar Industries by 16.8% in the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after buying an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in shares of Gibraltar Industries by 1.1% during the 4th quarter. Cascade Investment Advisors Inc. now owns 19,330 shares of the construction company’s stock worth $956,000 after acquiring an additional 205 shares during the period. California State Teachers Retirement System increased its holdings in Gibraltar Industries by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 28,132 shares of the construction company’s stock worth $1,660,000 after acquiring an additional 287 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Gibraltar Industries by 3.5% in the 3rd quarter. Amalgamated Bank now owns 8,750 shares of the construction company’s stock valued at $550,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Down 2.2%

Gibraltar Industries stock traded down $1.26 during mid-day trading on Friday, reaching $57.00. 332,283 shares of the company’s stock were exchanged, compared to its average volume of 250,819. The business’s fifty day simple moving average is $51.37 and its 200 day simple moving average is $59.22. Gibraltar Industries has a one year low of $42.86 and a one year high of $75.08. The firm has a market capitalization of $1.68 billion, a PE ratio of 712.59, a P/E/G ratio of 0.82 and a beta of 1.26.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). The business had revenue of $310.94 million for the quarter, compared to analysts’ expectations of $317.50 million. Gibraltar Industries had a net margin of 0.35% and a return on equity of 12.58%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, sell-side analysts forecast that Gibraltar Industries will post 4.91 earnings per share for the current year.

About Gibraltar Industries

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.