Gibraltar Industries (NASDAQ:ROCK) Stock Price Down 7.2% – Should You Sell?

Gibraltar Industries, Inc. (NASDAQ:ROCK)’s stock price dropped 7.2% during trading on Monday . The stock traded as low as $56.20 and last traded at $54.9060. Approximately 74,087 shares changed hands during trading, a decline of 73% from the average daily volume of 272,796 shares. The stock had previously closed at $59.15.

Wall Street Analysts Forecast Growth

ROCK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gibraltar Industries in a research note on Friday, October 31st. Zacks Research upgraded shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Gibraltar Industries Stock Performance

The stock has a fifty day simple moving average of $63.58 and a two-hundred day simple moving average of $62.06. The stock has a market cap of $1.42 billion, a PE ratio of 11.50, a PEG ratio of 1.05 and a beta of 1.27.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.08). Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.The firm had revenue of $310.94 million for the quarter, compared to analysts’ expectations of $317.50 million. During the same period last year, the firm earned $1.27 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Gibraltar Industries has set its FY 2025 guidance at 4.200-4.300 EPS. On average, equities analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Gibraltar Industries

A number of institutional investors have recently modified their holdings of the stock. CWM LLC raised its stake in Gibraltar Industries by 488.3% during the first quarter. CWM LLC now owns 4,289 shares of the construction company’s stock valued at $252,000 after buying an additional 3,560 shares in the last quarter. Bailard Inc. lifted its stake in Gibraltar Industries by 192.9% in the first quarter. Bailard Inc. now owns 10,253 shares of the construction company’s stock valued at $601,000 after buying an additional 6,753 shares during the last quarter. Guidance Capital Inc. boosted its holdings in shares of Gibraltar Industries by 15.2% during the first quarter. Guidance Capital Inc. now owns 8,674 shares of the construction company’s stock valued at $503,000 after acquiring an additional 1,142 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Gibraltar Industries during the first quarter worth about $1,788,000. Finally, Birchcreek Wealth Management LLC bought a new position in shares of Gibraltar Industries during the first quarter worth about $267,000. Institutional investors and hedge funds 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.