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

Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) reached a new 52-week low during trading on Monday . The stock traded as low as $55.16 and last traded at $55.16, with a volume of 1012 shares changing hands. The stock had previously closed at $56.20.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Trading Up 3.4 %

The business’s 50 day moving average price is $66.42 and its two-hundred day moving average price is $68.28. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.64 and a beta of 1.19.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The company had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. During the same period last year, the company posted $1.38 EPS. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. Analysts expect that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Institutional Investors Weigh In On Gibraltar Industries

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in Gibraltar Industries by 271.6% during the 3rd 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 period. GAMMA Investing LLC boosted its position in Gibraltar Industries by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock worth $51,000 after buying an additional 170 shares during the period. Quarry LP boosted its position in Gibraltar Industries by 428.9% during the 2nd quarter. Quarry LP now owns 989 shares of the construction company’s stock worth $68,000 after buying an additional 802 shares during the period. Point72 DIFC Ltd boosted its position in Gibraltar Industries by 92.1% during the 2nd quarter. Point72 DIFC Ltd now owns 1,329 shares of the construction company’s stock worth $91,000 after buying an additional 637 shares during the period. Finally, nVerses Capital LLC boosted its position in Gibraltar Industries by 62.5% during the 3rd quarter. nVerses Capital LLC now owns 1,300 shares of the construction company’s stock worth $91,000 after buying an additional 500 shares during the period. 98.39% of the stock is currently owned by institutional investors and hedge funds.

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.