Gibraltar Industries, Inc. (NASDAQ:ROCK) Short Interest Up 78.5% in March

Gibraltar Industries, Inc. (NASDAQ:ROCK) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,149,362 shares, an increase of 78.5% from the February 26th total of 644,042 shares. Based on an average daily volume of 408,509 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.9% of the company’s stock are sold short.

Analyst Ratings Changes

A number of analysts have weighed in on ROCK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research lowered Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Insider Buying and Selling at Gibraltar Industries

In other Gibraltar Industries news, CEO William T. Bosway acquired 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $38.29 per share, for a total transaction of $172,305.00. Following the completion of the acquisition, the chief executive officer owned 228,085 shares of the company’s stock, valued at approximately $8,733,374.65. This trade represents a 2.01% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James S. Metcalf acquired 12,444 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $40.35 per share, with a total value of $502,115.40. Following the completion of the acquisition, the director directly owned 15,500 shares of the company’s stock, valued at $625,425. This represents a 407.20% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 19,444 shares of company stock worth $775,070. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Gibraltar Industries

Several institutional investors have recently bought and sold shares of the stock. Boston Partners increased its holdings in Gibraltar Industries by 3,483.6% during the 4th quarter. Boston Partners now owns 923,711 shares of the construction company’s stock valued at $45,993,000 after purchasing an additional 897,935 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Gibraltar Industries by 694.4% in the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock worth $33,703,000 after purchasing an additional 469,111 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Gibraltar Industries during the third quarter worth $22,758,000. Robeco Schweiz AG bought a new stake in shares of Gibraltar Industries during the third quarter worth $11,304,000. Finally, Jane Street Group LLC acquired a new stake in shares of Gibraltar Industries in the fourth quarter valued at $4,700,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Gibraltar Industries Trading Down 2.5%

NASDAQ:ROCK opened at $40.92 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of -27.28, a PEG ratio of 0.74 and a beta of 1.34. The firm’s fifty day simple moving average is $48.19 and its 200 day simple moving average is $54.16. Gibraltar Industries has a 1 year low of $37.79 and a 1 year high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $268.69 million during the quarter, compared to analysts’ expectations of $265.13 million. Gibraltar Industries had a negative net margin of 3.76% and a positive return on equity of 12.05%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, analysts anticipate that Gibraltar Industries will post 4.91 EPS for the current fiscal year.

Gibraltar Industries Company Profile

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.