Short Interest in Gibraltar Industries, Inc. (NASDAQ:ROCK) Decreases By 27.8%

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 295,400 shares, a drop of 27.8% from the December 15th total of 409,000 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 195,000 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 31st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased 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 valued at $27,000 after acquiring an additional 277 shares during the period. GAMMA Investing LLC increased its position in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock valued at $51,000 after purchasing an additional 170 shares during the period. Quarry LP raised its stake in shares of Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company's stock worth $68,000 after buying an additional 802 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in shares of Gibraltar Industries by 92.1% in the second quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company's stock valued at $91,000 after buying an additional 637 shares during the period. Finally, nVerses Capital LLC lifted its holdings in shares of Gibraltar Industries by 62.5% in the third quarter. nVerses Capital LLC now owns 1,300 shares of the construction company's stock valued at $91,000 after buying an additional 500 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Trading Up 0.5 %

Gibraltar Industries stock traded up $0.31 during midday trading on Friday, reaching $62.51. 143,663 shares of the stock traded hands, compared to its average volume of 235,146. Gibraltar Industries has a fifty-two week low of $55.31 and a fifty-two week high of $87.40. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 17.36 and a beta of 1.19. The firm has a fifty day moving average price of $65.58 and a two-hundred day moving average price of $68.11.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same period in the previous year, the firm posted $1.38 earnings per share. The business's revenue was down 7.6% on a year-over-year basis. Analysts anticipate that Gibraltar Industries will post 4.18 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.