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

Gibraltar Industries, Inc. (NASDAQ:ROCK) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 389,400 shares, an increase of 41.0% from the February 13th total of 276,200 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 247,100 shares, the short-interest ratio is currently 1.6 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th.

Institutional Investors Weigh In On Gibraltar Industries

Several institutional investors and hedge funds have recently made changes to their positions in ROCK. PharVision Advisers LLC bought a new stake in Gibraltar Industries in the 4th quarter worth approximately $423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Gibraltar Industries by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,581 shares of the construction company’s stock worth $4,570,000 after acquiring an additional 3,650 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of Gibraltar Industries by 4.8% during the 4th quarter. Systematic Financial Management LP now owns 115,910 shares of the construction company’s stock worth $6,827,000 after acquiring an additional 5,275 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Gibraltar Industries by 37.4% during the 4th quarter. ProShare Advisors LLC now owns 10,356 shares of the construction company’s stock valued at $610,000 after buying an additional 2,819 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Gibraltar Industries by 6.6% during the 4th quarter. Nuveen Asset Management LLC now owns 364,410 shares of the construction company’s stock valued at $21,464,000 after buying an additional 22,638 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Up 0.8 %

Shares of ROCK stock traded up $0.54 during trading hours on Monday, hitting $65.97. 15,193 shares of the company’s stock traded hands, compared to its average volume of 179,892. The stock’s fifty day simple moving average is $62.09 and its two-hundred day simple moving average is $65.90. Gibraltar Industries has a 12-month low of $55.31 and a 12-month high of $81.90. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 14.76 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts forecast that Gibraltar Industries will post 4.91 earnings per share for the current fiscal year.

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.