Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Down 21.4% in December

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 484,038 shares, a drop of 21.4% from the December 15th total of 615,638 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 283,418 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 283,418 shares, the short-interest ratio is currently 1.7 days. Approximately 1.6% of the shares of the company are short sold.

Gibraltar Industries Trading Down 2.2%

Shares of Gibraltar Industries stock traded down $1.26 on Friday, hitting $57.00. 332,283 shares of the company traded hands, compared to its average volume of 250,819. Gibraltar Industries has a 12-month low of $42.86 and a 12-month high of $75.08. The company has a market cap of $1.68 billion, a P/E ratio of 712.59, a P/E/G ratio of 0.82 and a beta of 1.26. The firm’s 50-day simple moving average is $51.37 and its 200 day simple moving average is $59.22.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, October 30th. The construction company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.08). Gibraltar Industries had a net margin of 0.35% and a return on equity of 12.58%. The firm had revenue of $310.94 million during the quarter, compared to the consensus estimate of $317.50 million. During the same period in the prior year, the company earned $1.27 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. Analysts predict that Gibraltar Industries will post 4.91 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ROCK. CJS Securities raised shares of Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. Finally, Zacks Research raised Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gibraltar Industries currently has an average rating of “Hold”.

Institutional Trading of Gibraltar Industries

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after buying an additional 203 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Gibraltar Industries during the third quarter worth approximately $38,000. Osaic Holdings Inc. raised its stake in shares of Gibraltar Industries by 16.8% during the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after acquiring an additional 194 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Gibraltar Industries by 34.5% in the 2nd quarter. AlphaQuest LLC now owns 2,251 shares of the construction company’s stock worth $133,000 after acquiring an additional 577 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Gibraltar Industries by 149.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,706 shares of the construction company’s stock valued at $170,000 after purchasing an additional 1,620 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.