Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $35.10 and last traded at $36.1580, with a volume of 8486 shares changing hands. The stock had previously closed at $35.38.
Analyst Ratings Changes
Several brokerages have weighed in on ROCK. Seaport Research Partners reissued a “buy” rating and set a $55.00 price objective on shares of Gibraltar Industries in a report on Tuesday, May 12th. Zacks Research raised Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Gibraltar Industries presently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Gibraltar Industries
Gibraltar Industries Stock Performance
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The business had revenue of $356.29 million for the quarter, compared to analysts’ expectations of $350.15 million. Gibraltar Industries had a negative net margin of 10.68% and a positive return on equity of 10.86%. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 3.8 earnings per share for the current fiscal year.
Insider Activity at Gibraltar Industries
In other news, CEO William T. Bosway purchased 1,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $41.37 per share, for a total transaction of $41,370.00. Following the completion of the transaction, the chief executive officer directly owned 230,585 shares in the company, valued at $9,539,301.45. This trade represents a 0.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James S. Metcalf purchased 12,444 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $40.35 per share, with a total value of $502,115.40. Following the completion of the transaction, the director owned 15,500 shares of the company’s stock, valued at approximately $625,425. This trade represents a 407.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 19,444 shares of company stock worth $775,070 in the last 90 days. 0.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Gibraltar Industries
Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in shares of Gibraltar Industries by 16.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock valued at $79,000 after acquiring an additional 194 shares during the period. EverSource Wealth Advisors LLC lifted its position in Gibraltar Industries by 73.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after acquiring an additional 203 shares during the period. Cascade Investment Advisors Inc. lifted its position in Gibraltar Industries by 1.1% during the 4th quarter. Cascade Investment Advisors Inc. now owns 19,330 shares of the construction company’s stock worth $956,000 after acquiring an additional 205 shares during the period. Gabelli Funds LLC lifted its position in Gibraltar Industries by 0.6% during the 4th quarter. Gabelli Funds LLC now owns 35,951 shares of the construction company’s stock worth $1,777,000 after acquiring an additional 208 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Gibraltar Industries by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 16,702 shares of the construction company’s stock worth $825,000 after acquiring an additional 267 shares during the period. 98.39% of the stock is owned by institutional investors.
About Gibraltar Industries
Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.
In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.
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