Gibraltar Industries (NASDAQ:ROCK) CFO Joseph Lovechio Purchases 1,000 Shares

Gibraltar Industries, Inc. (NASDAQ:ROCK) CFO Joseph Lovechio purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $34.62 per share, with a total value of $34,620.00. Following the purchase, the chief financial officer directly owned 13,390 shares of the company’s stock, valued at approximately $463,561.80. The trade was a 8.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gibraltar Industries Stock Performance

NASDAQ:ROCK traded down $0.20 during midday trading on Thursday, reaching $34.96. The stock had a trading volume of 178,607 shares, compared to its average volume of 347,113. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.04 billion, a P/E ratio of -7.86, a P/E/G ratio of 0.59 and a beta of 1.26. The firm has a fifty day simple moving average of $39.44 and a two-hundred day simple moving average of $47.35. Gibraltar Industries, Inc. has a 12-month low of $33.56 and a 12-month high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The firm had revenue of $356.29 million for the quarter, compared to analysts’ expectations of $350.15 million. Gibraltar Industries had a positive return on equity of 10.86% and a negative net margin of 10.68%.The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. On average, equities analysts expect that Gibraltar Industries, Inc. will post 3.8 EPS for the current year.

Hedge Funds Weigh In On Gibraltar Industries

Large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. grew its position in Gibraltar Industries by 116.8% during the first quarter. Edgestream Partners L.P. now owns 61,019 shares of the construction company’s stock worth $2,433,000 after buying an additional 32,871 shares during the period. Amundi acquired a new stake in shares of Gibraltar Industries during the 1st quarter valued at approximately $239,000. Quantinno Capital Management LP boosted its stake in shares of Gibraltar Industries by 112.1% during the 1st quarter. Quantinno Capital Management LP now owns 38,692 shares of the construction company’s stock worth $1,543,000 after acquiring an additional 20,449 shares in the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Gibraltar Industries in the 1st quarter worth approximately $431,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Gibraltar Industries in the 1st quarter worth approximately $490,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ROCK shares. Seaport Research Partners reaffirmed a “buy” rating and issued 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

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.