Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Up 23.7% in January

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 544,568 shares, a growth of 23.7% from the January 15th total of 440,144 shares. Based on an average daily volume of 544,233 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.9% of the shares of the stock are short sold. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 544,233 shares, the days-to-cover ratio is presently 1.0 days.

Gibraltar Industries Trading Up 2.9%

NASDAQ:ROCK opened at $54.76 on Tuesday. Gibraltar Industries has a 1-year low of $42.86 and a 1-year high of $75.08. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 684.59, a PEG ratio of 0.84 and a beta of 1.32. The business’s 50-day moving average price is $51.96 and its two-hundred day moving average price is $57.57.

Institutional Investors Weigh In On Gibraltar Industries

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Gibraltar Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,746 shares of the construction company’s stock worth $83,987,000 after acquiring an additional 13,444 shares during the period. State Street Corp increased its holdings in Gibraltar Industries by 5.8% during the 4th quarter. State Street Corp now owns 1,363,153 shares of the construction company’s stock worth $67,394,000 after purchasing an additional 74,427 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Gibraltar Industries by 3.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 986,324 shares of the construction company’s stock valued at $48,764,000 after purchasing an additional 32,764 shares during the period. Boston Partners lifted its holdings in shares of Gibraltar Industries by 3,483.6% in the fourth quarter. Boston Partners now owns 923,711 shares of the construction company’s stock valued at $45,993,000 after purchasing an additional 897,935 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Gibraltar Industries by 694.4% in the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after purchasing an additional 469,111 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ROCK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.