As volatility creeps into Gibraltar Industries, Inc. (NASDAQ:ROCK), investors need to pay close attention to to the factors affecting stock today as its shares are trading 3.75% or 1.68 points up from last closing price of $44.78, reaching $46.46 at last check. The ROCK share price has risen in 5 of the last 5 days and is up 16.25% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 64,475 shares, and in total 388175 shares valued at $18.035 million were seen changing hands compared with 323700 shares valued at $14.495 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the ROCK stock.
Gibraltar Industries, Inc. (ROCK) shares have notched a 3-month gain of about 16.25%, but has still advanced 25.82% year to date. By comparison, the stock sank -0.71% over the past 12 months, while it jumped 4.33% over the 1 month. The company’s market cap is around $1.45B, with its short interest ratio standing at 7.82%.
In the current trading session for ROCK, the stock witnessed two major price actions, it rose to a high of $46.99 and was down as much as $44.97 at one point. The high recorded is very low when compared to their 52-week high which is $31.96. The 52-week high is now at -4.57 distance from current price. Their recent low of $49.1 represents a 46.59% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ROCK is $46.75, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Gibraltar Industries, Inc. earned $1.81 per share in the trailing 12 months and has a P/E ratio of 25.67. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 29.66 and lower compared to the sector’s average of 28.03. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ROCK also has P/S multiple of 1.49. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.35x.
ROCK‘s last price was up 21.18% as compared to the average trading price of 50 days recorded at $38.34 while enlarging the period to 200 trading days, the average closing price was $40.56. At present, there are 32.33 million in the total number of common shares owned by the public and among those 32.04 million shares have been available to trade. The percentage of shares being held by the company management was 0.6% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (9.8%). It managed to keep its gross profit margin at 23.1% over the past 12 months.
When assessing the full upside of the ROCK stock, there is another set of technicals that should be looked into and considered. Its 13.52% gain from moving average of $40.93 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.48 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Gibraltar Industries, Inc. — 0 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $40 on shares of Gibraltar Industries, Inc. (NASDAQ:ROCK), which corresponds to 13.94% downside potential than its current market price of $46.46 and implies potential despite the recent advance in the price. However, their current target price has fallen from $40 a month ago and is down handily from the consensus target of $40 a quarter ago.
In the last five years, the EPS of the company has been roughly 66.4%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 3.9 over the last five years. The company recently recorded a drop of -1.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards ROCK stock. Dalton Greiner Hartman Maher & Co. added position in the company after it grew 13.4% or 435,131 shares of its common stock. The hedge fund now owns 493,439 shares worth $22,925,176, SEC documents show. Hodges Capital Management Inc. shored up assets in the stock as 31497.35 shares have been purchased, increasing its stake by 258.3% to 112,855 shares which are currently valued at $5,243,243. In addition, Barrow Hanley Mewhinney & Strauss LLC recently reported that it now owns 1,551,476 shares making a total of $72,081,575 based on the recent price. This refelects a change of -7.6% in their ownership.