Gibraltar Industries (NASDAQ:ROCK) Sets New 1-Year Low - What's Next?

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $57.83 and last traded at $58.10, with a volume of 30230 shares traded. The stock had previously closed at $59.08.

Analyst Ratings Changes

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

Gibraltar Industries Trading Down 0.9 %

The company's 50 day moving average is $67.17 and its 200-day moving average is $68.57. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.27 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 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 company 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 company posted $1.38 EPS. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. Research analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Institutional Trading of Gibraltar Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after acquiring an additional 277 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock worth $51,000 after purchasing an additional 170 shares during the last quarter. Quarry LP boosted its stake in Gibraltar Industries by 428.9% in the 2nd quarter. Quarry LP now owns 989 shares of the construction company's stock valued at $68,000 after purchasing an additional 802 shares during the period. Point72 DIFC Ltd grew its holdings in Gibraltar Industries by 92.1% in the 2nd 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 in the last quarter. Finally, nVerses Capital LLC increased its position in Gibraltar Industries by 62.5% during the 3rd quarter. nVerses Capital LLC now owns 1,300 shares of the construction company's stock worth $91,000 after buying an additional 500 shares during the period. Institutional investors own 98.39% of the company's stock.

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.