Gibraltar Industries (NASDAQ:ROCK) Shares Down 5.3% – What’s Next?

Gibraltar Industries, Inc. (NASDAQ:ROCK) fell 5.3% during trading on Friday . The company traded as low as $61.55 and last traded at $60.76. 84,086 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 182,054 shares. The stock had previously closed at $64.14.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th.

Gibraltar Industries Stock Performance

The company has a market cap of $1.85 billion, a P/E ratio of 13.65 and a beta of 1.20. The firm has a 50 day moving average price of $62.61 and a 200-day moving average price of $65.84.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.06. The company had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. On average, sell-side analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Trading of Gibraltar Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROCK. Atria Investments Inc grew its holdings in Gibraltar Industries by 14.8% in the 3rd quarter. Atria Investments Inc now owns 4,085 shares of the construction company’s stock valued at $286,000 after buying an additional 528 shares during the last quarter. Aurora Investment Counsel acquired a new stake in Gibraltar Industries in the 3rd quarter valued at approximately $1,710,000. Intech Investment Management LLC lifted its position in shares of Gibraltar Industries by 44.0% in the 3rd quarter. Intech Investment Management LLC now owns 16,169 shares of the construction company’s stock worth $1,131,000 after acquiring an additional 4,943 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Gibraltar Industries by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 410,781 shares of the construction company’s stock worth $28,726,000 after acquiring an additional 19,614 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Gibraltar Industries by 29.5% in the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock worth $4,110,000 after acquiring an additional 13,392 shares during the period. 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.