Gibraltar Industries (NASDAQ:ROCK) Shares Gap Down – Time to Sell?

Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) gapped down before the market opened on Wednesday . The stock had previously closed at $54.74, but opened at $47.95. Gibraltar Industries shares last traded at $45.3860, with a volume of 219,471 shares.

Analyst Ratings Changes

ROCK has been the topic of a number of recent analyst reports. CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gibraltar Industries currently has a consensus rating of “Hold”.

Gibraltar Industries Stock Down 18.9%

The stock has a 50-day moving average price of $51.15 and a 200 day moving average price of $59.14. The firm has a market capitalization of $1.31 billion, a PE ratio of 559.88, a PEG ratio of 0.82 and a beta of 1.26.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.08). Gibraltar Industries had a net margin of 0.35% and a return on equity of 12.58%. The firm had revenue of $310.94 million during the quarter, compared to analyst estimates of $317.50 million. During the same period in the prior year, the company posted $1.27 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. As a group, equities analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gibraltar Industries

Several hedge funds have recently added to or reduced their stakes in ROCK. State Street Corp increased its stake in Gibraltar Industries by 0.4% in the 2nd quarter. State Street Corp now owns 1,287,811 shares of the construction company’s stock valued at $75,981,000 after buying an additional 5,207 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Gibraltar Industries by 4.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 953,560 shares of the construction company’s stock worth $59,884,000 after purchasing an additional 38,065 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Gibraltar Industries by 694.4% in the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after acquiring an additional 469,111 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Gibraltar Industries by 2.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 505,230 shares of the construction company’s stock worth $30,819,000 after purchasing an additional 14,009 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Gibraltar Industries by 0.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 476,288 shares of the construction company’s stock worth $29,911,000 after acquiring an additional 4,026 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

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.