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

Gibraltar Industries, Inc. (NASDAQ:ROCK) hit a new 52-week low on Tuesday . The company traded as low as $58.28 and last traded at $58.67, with a volume of 205691 shares changing hands. The stock had previously closed at $59.22.

Analyst Ratings Changes

Separately, StockNews.com raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Gibraltar Industries Trading Up 0.4 %

The firm has a market cap of $1.79 billion, a PE ratio of 16.36 and a beta of 1.15. The business’s 50-day simple moving average is $67.70 and its 200 day simple moving average is $68.91.

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

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors have recently added to or reduced their stakes in ROCK. Arizona State Retirement System lifted its position in shares of Gibraltar Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock valued at $584,000 after buying an additional 158 shares during the last quarter. GAMMA Investing LLC lifted its position in Gibraltar Industries by 30.6% during the third quarter. GAMMA Investing LLC now owns 725 shares of the construction company’s stock valued at $51,000 after acquiring an additional 170 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Gibraltar Industries by 1.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,805 shares of the construction company’s stock valued at $965,000 after acquiring an additional 211 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Gibraltar Industries by 271.6% during the third quarter. Farther Finance Advisors LLC now owns 379 shares of the construction company’s stock worth $27,000 after purchasing an additional 277 shares in the last quarter. Finally, Quarry LP increased its position in shares of Gibraltar Industries by 33.3% during the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock worth $92,000 after purchasing an additional 329 shares in the last quarter. 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.