Gibraltar Industries (NASDAQ:ROCK) Reaches New 12-Month Low – What’s Next?

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

Analysts Set New Price Targets

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

Gibraltar Industries Trading Down 1.5 %

The stock’s fifty day moving average price is $67.30 and its 200 day moving average price is $68.65. The stock has a market cap of $1.77 billion, a P/E ratio of 16.17 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $360.43 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. On average, analysts anticipate that Gibraltar Industries, Inc. will post 4.18 earnings per share for the current year.

Institutional Trading of Gibraltar Industries

Several hedge funds and other institutional investors have recently bought and sold shares of ROCK. Victory Capital Management Inc. lifted 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 worth $103,613,000 after acquiring an additional 322,422 shares during the last quarter. State Street Corp lifted its stake in Gibraltar Industries by 4.6% in the third quarter. State Street Corp now owns 1,278,283 shares of the construction company’s stock worth $89,390,000 after purchasing an additional 56,008 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Gibraltar Industries by 14.6% in the second quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock worth $74,320,000 after purchasing an additional 138,194 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Gibraltar Industries by 1.2% during the second 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 during the period. Finally, Geode Capital Management LLC grew its stake in shares of Gibraltar Industries by 4.1% during the third 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 during the last quarter. Hedge funds and other institutional investors 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.