Short Interest in Gibraltar Industries, Inc. (NASDAQ:ROCK) Increases By 37.0%

Gibraltar Industries, Inc. (NASDAQ:ROCK) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 533,400 shares, an increase of 37.0% from the February 28th total of 389,400 shares. Based on an average daily volume of 286,800 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Gibraltar Industries

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in Gibraltar Industries by 645.1% in the fourth quarter. Sterling Capital Management LLC now owns 529 shares of the construction company’s stock valued at $31,000 after buying an additional 458 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after acquiring an additional 530 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in Gibraltar Industries during the 4th quarter valued at $53,000. Quarry LP raised its position in Gibraltar Industries by 33.3% in the 3rd quarter. Quarry LP now owns 1,318 shares of the construction company’s stock valued at $92,000 after purchasing an additional 329 shares during the last quarter. Finally, KBC Group NV boosted its stake in Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock worth $85,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of ROCK stock opened at $58.04 on Wednesday. The firm has a fifty day moving average of $62.65 and a 200-day moving average of $65.50. Gibraltar Industries has a 52-week low of $55.31 and a 52-week high of $81.90. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 12.98 and a beta of 1.20.

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

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.