Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Down 20.1% in September

Gibraltar Industries, Inc. (NASDAQ:ROCK) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 298,500 shares, a decrease of 20.1% from the September 15th total of 373,500 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 183,700 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Monday.

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock traded down $1.04 on Tuesday, hitting $67.23. 194,974 shares of the company’s stock traded hands, compared to its average volume of 176,842. The company has a fifty day moving average of $68.08 and a two-hundred day moving average of $71.26. Gibraltar Industries has a one year low of $59.66 and a one year high of $87.40. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 18.07 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The business had revenue of $353.00 million for the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. Gibraltar Industries’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 earnings per share. Equities research analysts anticipate that Gibraltar Industries will post 4.6 earnings per share for the current year.

Institutional Investors Weigh In On Gibraltar Industries

Several hedge funds and other institutional investors have recently bought and sold shares of ROCK. Innealta Capital LLC acquired a new stake in shares of Gibraltar Industries in the 2nd quarter valued at about $39,000. GAMMA Investing LLC grew its stake in Gibraltar Industries by 30.6% in the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after acquiring an additional 170 shares during the period. nVerses Capital LLC acquired a new stake in Gibraltar Industries in the second quarter valued at approximately $55,000. Quarry LP increased its holdings in shares of Gibraltar Industries by 428.9% during the second quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after acquiring an additional 802 shares in the last quarter. Finally, Point72 DIFC Ltd raised its position in shares of Gibraltar Industries by 92.1% during the second quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after purchasing an additional 637 shares during the period. 98.39% of the stock is owned by institutional investors.

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.