Gibraltar Industries (NASDAQ:ROCK) Sets New 1-Year Low - Here's Why

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $55.16 and last traded at $55.16, with a volume of 1012 shares. The stock had previously closed at $56.20.

Analysts Set New Price Targets

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

Gibraltar Industries Stock Performance

The stock has a market cap of $1.76 billion, a PE ratio of 16.09 and a beta of 1.19. The business has a 50-day moving average of $66.42 and a 200 day moving average of $68.28.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $360.43 million. During the same quarter last year, the firm earned $1.38 earnings per share. The business's revenue was down 7.6% on a year-over-year basis. Equities analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Gibraltar Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of Gibraltar Industries by 271.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company's stock worth $27,000 after purchasing an additional 277 shares during the period. GAMMA Investing LLC lifted its position in Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company's stock valued at $51,000 after buying an additional 170 shares in the last quarter. Quarry LP grew its stake in Gibraltar Industries by 428.9% during the second quarter. Quarry LP now owns 989 shares of the construction company's stock worth $68,000 after buying an additional 802 shares during the period. Point72 DIFC Ltd increased its position 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 worth $91,000 after acquiring an additional 637 shares in the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Gibraltar Industries by 62.5% in the 3rd quarter. nVerses Capital LLC now owns 1,300 shares of the construction company's stock valued at $91,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

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.