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

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

Wall Street Analyst Weigh In

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

Gibraltar Industries Stock Performance

ROCK traded up $0.54 during midday trading on Monday, reaching $65.97. 15,193 shares of the company were exchanged, compared to its average volume of 179,892. The company’s fifty day moving average price is $62.09 and its 200 day moving average price is $65.90. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 14.76 and a beta of 1.20. Gibraltar Industries has a one year low of $55.31 and a one year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. The firm had revenue of $302.06 million during the quarter, compared to analyst estimates of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts anticipate that Gibraltar Industries will post 4.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gibraltar Industries

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