Gibraltar Industries, Inc. (NASDAQ:ROCK) Sees Significant Decrease in Short Interest

Gibraltar Industries, Inc. (NASDAQ:ROCK) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 484,038 shares, a drop of 21.4% from the December 15th total of 615,638 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 283,418 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 283,418 shares, the short-interest ratio is currently 1.7 days. Approximately 1.6% of the shares of the company are short sold.

Gibraltar Industries Stock Performance

Shares of ROCK stock traded down $1.26 during trading hours on Monday, hitting $57.00. The company had a trading volume of 332,283 shares, compared to its average volume of 250,819. Gibraltar Industries has a 12 month low of $42.86 and a 12 month high of $75.08. The firm’s fifty day moving average is $51.37 and its 200 day moving average is $59.20. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 712.59, a PEG ratio of 0.82 and a beta of 1.26.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, October 30th. The construction company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.08). Gibraltar Industries had a return on equity of 12.58% and a net margin of 0.35%.The company had revenue of $310.94 million for the quarter, compared to the consensus estimate of $317.50 million. During the same quarter last year, the business earned $1.27 EPS. Gibraltar Industries’s quarterly revenue was up 12.2% compared to the same quarter last year. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, sell-side analysts expect that Gibraltar Industries will post 4.91 EPS for the current fiscal year.

Institutional Trading of Gibraltar Industries

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Gibraltar Industries by 7.3% in the first quarter. Royal Bank of Canada now owns 12,879 shares of the construction company’s stock valued at $756,000 after acquiring an additional 875 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Gibraltar Industries during the 1st quarter valued at $248,000. Goldman Sachs Group Inc. raised its position in Gibraltar Industries by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company’s stock valued at $11,401,000 after purchasing an additional 40,656 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Gibraltar Industries by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,935 shares of the construction company’s stock worth $5,100,000 after purchasing an additional 9,354 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Gibraltar Industries by 150.5% in the first quarter. Jane Street Group LLC now owns 102,703 shares of the construction company’s stock worth $6,025,000 after purchasing an additional 61,702 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ROCK shares. Zacks Research upgraded shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. Finally, CJS Securities upgraded Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.