Gibraltar Industries (NASDAQ:ROCK) Trading Up 8.6% – Here’s Why

Gibraltar Industries, Inc. (NASDAQ:ROCK) shares traded up 8.6% on Wednesday . The stock traded as high as $42.10 and last traded at $42.69. Approximately 26,330 shares traded hands during trading, a decline of 93% from the average daily volume of 355,412 shares. The stock had previously closed at $39.32.

Analysts Set New Price Targets

Several brokerages have commented on ROCK. Seaport Research Partners reiterated a “buy” rating and issued a $55.00 price target on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d)” rating on shares of Gibraltar Industries in a research report on Friday, May 29th. Finally, 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Gibraltar Industries Stock Up 9.9%

The business has a 50-day moving average price of $38.66 and a 200 day moving average price of $44.79. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.28 billion, a P/E ratio of -9.73, a P/E/G ratio of 0.70 and a beta of 1.24.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). The business had revenue of $356.29 million during the quarter, compared to the consensus estimate of $350.15 million. Gibraltar Industries had a positive return on equity of 10.86% and a negative net margin of 10.68%.The company’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 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 fiscal year.

Insider Transactions at Gibraltar Industries

In other Gibraltar Industries news, CEO William T. Bosway purchased 19,735 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $37.44 per share, with a total value of $738,878.40. Following the acquisition, the chief executive officer owned 250,320 shares in the company, valued at approximately $9,371,980.80. The trade was a 8.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph A. Lovechio purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $34.62 per share, with a total value of $34,620.00. Following the transaction, the chief financial officer owned 13,390 shares of the company’s stock, valued at $463,561.80. This represents a 8.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 22,135 shares of company stock worth $823,380 in the last three months. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Gibraltar Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROCK. Hantz Financial Services Inc. increased its position in shares of Gibraltar Industries by 240.0% during the 4th quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company’s stock valued at $25,000 after purchasing an additional 360 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Gibraltar Industries by 822.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company’s stock worth $25,000 after buying an additional 444 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Gibraltar Industries by 73.0% in the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after buying an additional 203 shares during the last quarter. Advisory Services Network LLC purchased a new position in Gibraltar Industries during the third quarter worth $38,000. Finally, Kestra Advisory Services LLC purchased a new position in Gibraltar Industries during the fourth quarter worth $39,000. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Company Profile

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.