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

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) saw a significant increase in short interest during 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. Based on an average daily volume of 247,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors have recently added to or reduced their stakes in ROCK. FMR LLC lifted its stake in Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company's stock worth $50,816,000 after purchasing an additional 685,462 shares during the period. Geode Capital Management LLC lifted its stake in Gibraltar Industries by 4.1% during the third quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock worth $58,676,000 after purchasing an additional 32,950 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Gibraltar Industries during the third quarter worth about $792,000. Citigroup Inc. lifted its stake in Gibraltar Industries by 29.5% during the third quarter. Citigroup Inc. now owns 58,768 shares of the construction company's stock worth $4,110,000 after purchasing an additional 13,392 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Gibraltar Industries by 8.2% during the third quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company's stock worth $401,000 after purchasing an additional 445 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

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Gibraltar Industries Trading Down 3.0 %

ROCK stock traded down $1.98 during trading on Thursday, reaching $64.14. 250,683 shares of the stock were exchanged, compared to its average volume of 182,111. Gibraltar Industries has a twelve month low of $55.31 and a twelve month high of $81.90. The company has a market capitalization of $1.95 billion, a P/E ratio of 14.35 and a beta of 1.20. The stock has a 50 day simple moving average of $62.51 and a 200-day simple moving average of $65.85.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The business had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. During the same period last year, the business earned $0.85 earnings per share. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts predict that Gibraltar Industries will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.