Gibraltar Industries (NASDAQ:ROCK) Reaches New 1-Year Low – What’s Next?

Gibraltar Industries, Inc. (NASDAQ:ROCK) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $61.56 and last traded at $61.72, with a volume of 110134 shares. The stock had previously closed at $64.86.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th.

Gibraltar Industries Trading Down 4.5 %

The company has a fifty day simple moving average of $69.37 and a 200-day simple moving average of $69.75. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 17.20 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Hedge Funds Weigh In On Gibraltar Industries

A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in shares of Gibraltar Industries by 27.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,481,674 shares of the construction company’s stock valued at $103,613,000 after purchasing an additional 322,422 shares during the period. State Street Corp grew its stake in shares of Gibraltar Industries by 4.6% in the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock valued at $89,390,000 after buying an additional 56,008 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Gibraltar Industries by 14.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock valued at $74,320,000 after buying an additional 138,194 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Gibraltar Industries by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 844,373 shares of the construction company’s stock valued at $57,882,000 after buying an additional 9,764 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company’s stock valued at $58,676,000 after buying an additional 32,950 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

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.