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 stock traded as low as $58.28 and last traded at $58.67, with a volume of 205691 shares changing hands. The stock had previously closed at $59.22.

Analyst Ratings Changes

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

Gibraltar Industries Stock Up 0.4 %

The stock has a 50-day moving average of $67.70 and a 200 day moving average of $68.91. The stock has a market cap of $1.79 billion, a PE ratio of 16.36 and a beta of 1.15.

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

Hedge Funds Weigh In On Gibraltar Industries

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of Gibraltar Industries by 271.6% in 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 position in Gibraltar Industries by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after purchasing an additional 170 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Gibraltar Industries during the 2nd quarter worth approximately $55,000. 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 purchasing an additional 802 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its stake in shares of Gibraltar Industries by 92.1% in the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock valued at $91,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors 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.