Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Free Report) 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.
Check Out Our Latest Analysis on ROCK
Institutional Investors Weigh In On Gibraltar Industries
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 – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Gibraltar Industries
- How to Short a Stock in 5 Easy Steps
- Super Micro’s International Presence Makes It a Winning Stock
- What is a Dividend King?
- Grocery Outlet Insider and Institutional Buyers Signal Bottom
- What Does Downgrade Mean in Investing?
- Consumers Are Cutting Back, But These 3 Stocks Will Stay Strong
Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.