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

Gibraltar Industries, Inc. (NASDAQ:ROCK) shares hit a new 52-week low on Tuesday . The company traded as low as $57.83 and last traded at $58.10, with a volume of 30230 shares. The stock had previously closed at $59.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 31st.

Gibraltar Industries Stock Up 0.8 %

The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 16.39 and a beta of 1.19. The company has a 50-day moving average price of $66.99 and a 200 day moving average price of $68.51.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. Equities analysts forecast that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Institutional Trading of Gibraltar Industries

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after buying an additional 277 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after acquiring an additional 170 shares in the last quarter. Quarry LP increased its holdings in shares of Gibraltar Industries by 428.9% during the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock valued at $68,000 after acquiring an additional 802 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Gibraltar Industries by 62.5% in the 3rd quarter. nVerses Capital LLC now owns 1,300 shares of the construction company’s stock valued at $91,000 after acquiring an additional 500 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its holdings in Gibraltar Industries by 92.1% in the 2nd 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 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.