Gibraltar Industries, Inc. (NASDAQ:ROCK) Sees Large Increase in Short Interest

Gibraltar Industries, Inc. (NASDAQ:ROCK) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 544,568 shares, an increase of 23.7% from the January 15th total of 440,144 shares. Based on an average trading volume of 544,233 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.9% of the shares of the company are short sold. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 544,233 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ROCK shares. Zacks Research downgraded shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gibraltar Industries has an average rating of “Hold”.

Gibraltar Industries Price Performance

NASDAQ ROCK opened at $53.35 on Wednesday. The company’s 50 day simple moving average is $52.05 and its two-hundred day simple moving average is $57.49. Gibraltar Industries has a 1 year low of $42.86 and a 1 year high of $75.08. The stock has a market capitalization of $1.58 billion, a PE ratio of 666.96, a P/E/G ratio of 0.84 and a beta of 1.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ROCK. Boston Partners raised its stake in Gibraltar Industries by 3,483.6% in the fourth quarter. Boston Partners now owns 923,711 shares of the construction company’s stock valued at $45,993,000 after purchasing an additional 897,935 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Gibraltar Industries by 694.4% during the 3rd quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after buying an additional 469,111 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Gibraltar Industries during the 3rd quarter worth $22,758,000. Robeco Schweiz AG purchased a new position in Gibraltar Industries in the third quarter worth $11,304,000. Finally, Jane Street Group LLC bought a new position in Gibraltar Industries in the fourth quarter valued at $4,700,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Company Profile

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.