Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Update

Gibraltar Industries, Inc. (NASDAQ:ROCK) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 544,568 shares, a growth of 23.7% from the January 15th total of 440,144 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 544,233 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 544,233 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Gibraltar Industries

A number of large investors have recently modified their holdings of ROCK. Boston Partners grew its stake in shares of Gibraltar Industries by 3,483.6% during the 4th quarter. Boston Partners now owns 923,711 shares of the construction company’s stock worth $45,993,000 after purchasing an additional 897,935 shares during the period. Alliancebernstein L.P. grew its position in Gibraltar Industries by 694.4% during the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock worth $33,703,000 after buying an additional 469,111 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Gibraltar Industries in the third quarter valued at about $22,758,000. Robeco Schweiz AG acquired a new stake in shares of Gibraltar Industries during the 3rd quarter valued at approximately $11,304,000. Finally, Jane Street Group LLC purchased a new stake in shares of Gibraltar Industries during the 4th quarter worth approximately $4,700,000. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $52.89 on Thursday. Gibraltar Industries has a 1 year low of $42.86 and a 1 year high of $75.08. The firm has a market capitalization of $1.56 billion, a PE ratio of 661.21, a P/E/G ratio of 0.82 and a beta of 1.32. The business’s 50 day moving average price is $52.10 and its 200-day moving average price is $57.46.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. CJS Securities raised shares of Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. Finally, Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Gibraltar Industries

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.