Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Update

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 412,100 shares, a decrease of 29.1% from the March 15th total of 581,400 shares. Based on an average trading volume of 176,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.4% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, March 29th.

Gibraltar Industries Stock Performance

Shares of ROCK traded down $1.05 during trading hours on Friday, reaching $74.19. 95,107 shares of the company traded hands, compared to its average volume of 178,093. The stock's fifty day moving average is $79.08 and its 200 day moving average is $74.18. The stock has a market cap of $2.26 billion, a P/E ratio of 20.67 and a beta of 1.17. Gibraltar Industries has a 1-year low of $47.23 and a 1-year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The company had revenue of $328.80 million for the quarter, compared to analyst estimates of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, equities research analysts predict that Gibraltar Industries will post 4.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legato Capital Management LLC acquired a new position in Gibraltar Industries in the fourth quarter worth about $1,008,000. Pacer Advisors Inc. raised its position in Gibraltar Industries by 122.0% in the fourth quarter. Pacer Advisors Inc. now owns 820,031 shares of the construction company's stock worth $64,766,000 after purchasing an additional 450,665 shares in the last quarter. Nordea Investment Management AB raised its position in Gibraltar Industries by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 113,760 shares of the construction company's stock worth $9,005,000 after purchasing an additional 8,055 shares in the last quarter. Qube Research & Technologies Ltd raised its position in Gibraltar Industries by 79.4% in the third quarter. Qube Research & Technologies Ltd now owns 78,786 shares of the construction company's stock worth $5,319,000 after purchasing an additional 34,866 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its position in Gibraltar Industries by 99.3% in the third quarter. Tudor Investment Corp Et Al now owns 37,421 shares of the construction company's stock worth $2,526,000 after purchasing an additional 18,649 shares in the last quarter. Institutional investors and hedge funds 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.