Gibraltar Industries (NASDAQ:ROCK) Hits New 52-Week Low – What’s Next?

Gibraltar Industries, Inc. (NASDAQ:ROCK) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $53.63 and last traded at $54.23, with a volume of 104050 shares. The stock had previously closed at $59.09.

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 Down 9.4 %

The company has a market capitalization of $1.59 billion, a PE ratio of 11.97 and a beta of 1.20. The firm has a 50-day moving average of $62.60 and a two-hundred day moving average of $65.46.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm had revenue of $302.06 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same period in the previous year, the business posted $0.85 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. Equities analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Trading of Gibraltar Industries

Several institutional investors have recently modified their holdings of ROCK. Wellington Management Group LLP boosted its holdings in Gibraltar Industries by 34.7% in the 4th quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company’s stock worth $90,769,000 after buying an additional 397,313 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Gibraltar Industries during the fourth quarter worth approximately $423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Gibraltar Industries by 4.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,581 shares of the construction company’s stock valued at $4,570,000 after purchasing an additional 3,650 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Gibraltar Industries by 4.8% in the 4th quarter. Systematic Financial Management LP now owns 115,910 shares of the construction company’s stock valued at $6,827,000 after purchasing an additional 5,275 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Gibraltar Industries by 37.4% during the 4th quarter. ProShare Advisors LLC now owns 10,356 shares of the construction company’s stock worth $610,000 after purchasing an additional 2,819 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.