Gibraltar Industries (NASDAQ:ROCK) Hits New 1-Year Low – Time to Sell?

Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) reached a new 52-week low on Wednesday . The stock traded as low as $61.56 and last traded at $61.72, with a volume of 110134 shares traded. The stock had previously closed at $64.86.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 13th.

Gibraltar Industries Stock Performance

The company has a 50 day moving average price of $68.99 and a 200 day moving average price of $69.64. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 16.84 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The company had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.43 million. During the same period last year, the business earned $1.38 EPS. Gibraltar Industries’s quarterly revenue was down 7.6% compared to the same quarter last year. Research analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Institutional Trading of Gibraltar Industries

Several hedge funds have recently made changes to their positions in the company. Arizona State Retirement System grew its position in Gibraltar Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock worth $584,000 after acquiring an additional 158 shares in the last quarter. GAMMA Investing LLC lifted its position in Gibraltar Industries by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after buying an additional 170 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Gibraltar Industries by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock worth $1,049,000 after buying an additional 200 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company’s stock worth $965,000 after buying an additional 211 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after acquiring an additional 277 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors.

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.