Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Up 60.1% in April

Gibraltar Industries, Inc. (NASDAQ:ROCKGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 608,200 shares, an increase of 60.1% from the March 31st total of 379,900 shares. Based on an average daily volume of 245,700 shares, the short-interest ratio is currently 2.5 days. Approximately 1.9% of the company’s stock are sold short.

Several brokerages have recently commented on ROCK. StockNews.com began coverage on shares of Gibraltar Industries in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating and set a $41.00 price objective for the company. in a report on Thursday, March 3rd. KeyCorp decreased their price objective on shares of Gibraltar Industries from $85.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, March 1st. Finally, TheStreet cut shares of Gibraltar Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, February 8th.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Gibraltar Industries by 2.9% in the 4th quarter. BlackRock Inc. now owns 5,190,501 shares of the construction company’s stock worth $346,103,000 after buying an additional 145,739 shares in the last quarter. Wellington Management Group LLP grew its stake in Gibraltar Industries by 7.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,625,771 shares of the construction company’s stock worth $113,235,000 after buying an additional 116,742 shares in the last quarter. State Street Corp grew its stake in Gibraltar Industries by 5.3% in the 4th quarter. State Street Corp now owns 1,071,314 shares of the construction company’s stock worth $71,435,000 after buying an additional 54,179 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in Gibraltar Industries by 10.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,043,680 shares of the construction company’s stock worth $69,059,000 after buying an additional 96,381 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Gibraltar Industries by 4.1% in the 4th quarter. GW&K Investment Management LLC now owns 1,010,631 shares of the construction company’s stock valued at $67,389,000 after purchasing an additional 39,975 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:ROCK opened at $37.84 on Friday. The company has a 50 day moving average of $44.42 and a 200 day moving average of $58.44. The company has a current ratio of 1.56, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.24 billion, a P/E ratio of 16.52 and a beta of 1.07. Gibraltar Industries has a 12 month low of $37.57 and a 12 month high of $94.26.

Gibraltar Industries (NASDAQ:ROCKGet Rating) last posted its earnings results on Wednesday, February 23rd. The construction company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.24). The firm had revenue of $334.40 million for the quarter, compared to the consensus estimate of $333.00 million. Gibraltar Industries had a return on equity of 11.55% and a net margin of 5.64%. The business’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. On average, equities analysts forecast that Gibraltar Industries will post 3.27 earnings per share for the current fiscal year.

About Gibraltar Industries (Get Rating)

Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. 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.

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