Wedge Capital Management L L P NC Sells 27,440 Shares of Gibraltar Industries, Inc. $ROCK

Wedge Capital Management L L P NC lowered its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 49.1% during the 4th quarter, Holdings Channel reports. The firm owned 28,438 shares of the construction company’s stock after selling 27,440 shares during the period. Wedge Capital Management L L P NC’s holdings in Gibraltar Industries were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its position in shares of Gibraltar Industries by 0.4% during the 2nd quarter. State Street Corp now owns 1,287,811 shares of the construction company’s stock valued at $75,981,000 after purchasing an additional 5,207 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Gibraltar Industries by 4.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 953,560 shares of the construction company’s stock valued at $59,884,000 after buying an additional 38,065 shares during the period. Alliancebernstein L.P. grew its position in Gibraltar Industries by 694.4% during the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after buying an additional 469,111 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Gibraltar Industries by 0.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 476,288 shares of the construction company’s stock worth $29,911,000 after buying an additional 4,026 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Gibraltar Industries by 8.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 414,154 shares of the construction company’s stock worth $24,435,000 after buying an additional 32,624 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

Insider Buying and Selling at Gibraltar Industries

In other news, CEO William T. Bosway purchased 4,500 shares of Gibraltar Industries stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $38.29 per share, for a total transaction of $172,305.00. Following the transaction, the chief executive officer directly owned 228,085 shares of the company’s stock, valued at approximately $8,733,374.65. This trade represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James S. Metcalf purchased 12,444 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $40.35 per share, for a total transaction of $502,115.40. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 19,444 shares of company stock valued at $775,070. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ROCK. Zacks Research downgraded shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a research note on Monday, December 29th. Finally, CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Gibraltar Industries Stock Down 2.2%

Shares of ROCK opened at $39.50 on Tuesday. Gibraltar Industries, Inc. has a twelve month low of $37.79 and a twelve month high of $75.08. The stock has a market cap of $1.17 billion, a PE ratio of -26.33, a P/E/G ratio of 0.72 and a beta of 1.34. The business’s 50-day moving average price is $47.51 and its 200-day moving average price is $53.77.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $268.69 million during the quarter, compared to analyst estimates of $265.13 million. Gibraltar Industries had a negative net margin of 3.76% and a positive return on equity of 12.05%. Gibraltar Industries’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

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.