The stock last traded at $33.25 which is slightly above the 50 day moving average of $31.18 and which is marginally over the 200 day moving average of $32.22. The 50 day moving average was up $2.07 or +6.62% whereas the 200 day moving average was up $1.03 or +3.21%. Gibraltar Industries, Inc. shares had a trading volume of 201K in the last trading session. Trading volume was up 24.74% over the stocks average daily volume.
Traders are a little more bearish on shares of the company of late as implied by the rise in short interest. The firm realized a rise in short interest of 4.89% as of October 13, 2017 from the last reporting period. Short shares grew from 2,803,403 to 2,940,514 over that timeframe. Days to cover increased 6.0 to 18.0 and the short interest percentage is 0.09% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Bank Of Montreal /can/ had acquired a total of 16 shares growing its stake by 7.3%. The value of the investment in ROCK decreased from $8,000 to $7,000 a change of $1,000 since the last quarter. Ls Investment Advisors, LLC bolstered its holdings by buying 904 shares an increase of 26.8% from 06/30/2017 to 09/30/2017. Ls Investment Advisors, LLC currently owns 4,272 shares valued at $133,000. The value of the position overall is up by 10.8%.
Nationwide Fund Advisors trimmed its investment by selling 2,473 shares a decrease of 2.0% as of 09/30/2017. Nationwide Fund Advisors claims 121,628 shares with a value of $3,789,000. The total value of its holdings decreased 14.4%. Aperio Group, LLC added to its position by buying 184 shares an increase of 2.6% in the quarter. Aperio Group, LLC owns 7,384 shares worth $230,000. The value of the position overall is down by 10.5%.
The company’s P/E ratio is 47.57 and the market cap of the company is 1.05B. In the last earnings report the EPS was $0.70 and is expected to be $1.58 for the current year with 31,708,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.38 with next year’s EPS projected to be $1.79.
Gibraltar Industries, Inc., launched on September 17, 1993, is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Business’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Company serves customers primarily throughout North America. Its customers include home improvement retailers, wholesalers, industrial distributors, contractors, solar developers, and institutional and commercial growers of plants. As of December 31, 2016, it operated 44 facilities in 17 states..Advertisement