Gibraltar Industries (NASDAQ:ROCK) Hits New 52-Week Low – Should You Sell?

Gibraltar Industries, Inc. (NASDAQ:ROCK)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $59.52 and last traded at $60.37, with a volume of 39125 shares trading hands. The stock had previously closed at $60.27.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 21st.

Gibraltar Industries Stock Performance

The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 16.75 and a beta of 1.15. The company has a 50 day moving average of $68.42 and a 200-day moving average of $69.30.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. During the same period in the prior year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, research analysts anticipate that Gibraltar Industries, Inc. will post 4.18 EPS for the current year.

Institutional Investors Weigh In On Gibraltar Industries

Several large investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp increased its stake in shares of Gibraltar Industries by 27.7% during the second quarter. Texas Permanent School Fund Corp now owns 34,006 shares of the construction company’s stock worth $2,331,000 after buying an additional 7,369 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Gibraltar Industries during the 2nd quarter worth $770,000. FMR LLC grew its stake in shares of Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock worth $50,816,000 after purchasing an additional 685,462 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Gibraltar Industries in the third quarter valued at $792,000. Finally, Hsbc Holdings PLC lifted its holdings in Gibraltar Industries by 47.6% during the 2nd quarter. Hsbc Holdings PLC now owns 18,123 shares of the construction company’s stock worth $1,242,000 after buying an additional 5,842 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Company Profile

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.