Gibraltar Industries (NASDAQ:ROCK) Sets New 12-Month Low – Time to Sell?

Gibraltar Industries, Inc. (NASDAQ:ROCK) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $59.52 and last traded at $60.37, with a volume of 39125 shares. The stock had previously closed at $60.27.

Analyst Ratings Changes

Separately, StockNews.com cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Gibraltar Industries Stock Performance

The company has a market cap of $1.82 billion, a PE ratio of 16.67 and a beta of 1.15. The stock’s 50-day simple moving average is $68.69 and its 200 day simple moving average is $69.43.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. The business had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. During the same period in the prior year, the business posted $1.38 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts predict that Gibraltar Industries, Inc. will post 4.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ROCK. Louisiana State Employees Retirement System increased its stake in Gibraltar Industries by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,049,000 after purchasing an additional 200 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth $39,000. Commonwealth Equity Services LLC grew its stake in Gibraltar Industries by 67.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,533 shares of the construction company’s stock valued at $516,000 after acquiring an additional 3,029 shares during the last quarter. nVerses Capital LLC purchased a new position in Gibraltar Industries during the 2nd quarter valued at about $55,000. Finally, TD Asset Management Inc increased its holdings in Gibraltar Industries by 18.6% during the 2nd quarter. TD Asset Management Inc now owns 12,100 shares of the construction company’s stock valued at $829,000 after acquiring an additional 1,900 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

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.