Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Down 27.8% in December

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the recipient 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. Based on an average trading volume of 195,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the stock are short sold.

Gibraltar Industries Stock Up 0.5 %

Shares of NASDAQ:ROCK traded up $0.31 during midday trading on Friday, reaching $62.51. The company’s stock had a trading volume of 143,663 shares, compared to its average volume of 173,008. The business has a 50 day moving average price of $65.79 and a 200 day moving average price of $68.13. Gibraltar Industries has a 1 year low of $55.31 and a 1 year high of $87.40. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 17.36 and a beta of 1.19.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Gibraltar Industries

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Gibraltar Industries during the fourth quarter valued at approximately $117,000. Wedge Capital Management L L P NC acquired a new stake in Gibraltar Industries during the fourth quarter valued at $1,727,000. Park Avenue Securities LLC grew its stake in shares of Gibraltar Industries by 12.8% in the 4th quarter. Park Avenue Securities LLC now owns 3,603 shares of the construction company’s stock valued at $212,000 after buying an additional 410 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Gibraltar Industries by 5.2% during the 4th quarter. Nordea Investment Management AB now owns 102,069 shares of the construction company’s stock worth $6,030,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Gibraltar Industries by 8.2% during the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company’s stock valued at $401,000 after buying an additional 445 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

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.