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

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 533,400 shares, a growth of 37.0% from the February 28th total of 389,400 shares. Approximately 1.8% of the company's stock are short sold. Based on an average daily volume of 286,800 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Gibraltar Industries

Large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after acquiring an additional 458 shares during the period. Smartleaf Asset Management LLC lifted its position in Gibraltar Industries by 296.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock valued at $42,000 after purchasing an additional 530 shares during the period. Atticus Wealth Management LLC acquired a new stake in Gibraltar Industries during the 4th quarter worth about $53,000. KBC Group NV raised its stake in shares of Gibraltar Industries by 50.2% during the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after buying an additional 480 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company's stock worth $92,000 after buying an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

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Analyst Upgrades and Downgrades

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

Gibraltar Industries Price Performance

NASDAQ ROCK traded up $1.05 during trading on Wednesday, hitting $59.09. The company's stock had a trading volume of 282,606 shares, compared to its average volume of 201,849. Gibraltar Industries has a fifty-two week low of $55.31 and a fifty-two week high of $81.90. The company has a market cap of $1.75 billion, a PE ratio of 13.22 and a beta of 1.20. The business's 50 day simple moving average is $62.65 and its 200-day simple moving average is $65.50.

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 the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the previous year, the firm earned $0.85 EPS. Gibraltar Industries's revenue was down 8.1% compared to the same quarter last year. Analysts expect that Gibraltar Industries will post 4.91 EPS for the current fiscal 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.