Gibraltar Industries (NASDAQ:ROCK) CEO William Bosway Acquires 19,735 Shares of Stock

Gibraltar Industries, Inc. (NASDAQ:ROCKGet Free Report) CEO William Bosway acquired 19,735 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $37.44 per share, with a total value of $738,878.40. Following the completion of the acquisition, the chief executive officer directly owned 250,320 shares in the company, valued at $9,371,980.80. The trade was a 8.56% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Gibraltar Industries Stock Performance

NASDAQ ROCK opened at $39.50 on Thursday. Gibraltar Industries, Inc. has a 52-week low of $33.56 and a 52-week high of $75.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.87 and a current ratio of 1.41. The company has a market capitalization of $1.17 billion, a P/E ratio of -8.88, a P/E/G ratio of 0.66 and a beta of 1.26. The company has a fifty day moving average of $39.00 and a 200-day moving average of $46.52.

Gibraltar Industries (NASDAQ:ROCKGet Free Report) last posted its quarterly earnings data 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). Gibraltar Industries had a positive return on equity of 10.86% and a negative net margin of 10.68%.The company had revenue of $356.29 million for the quarter, compared to the consensus estimate of $350.15 million. During the same period in the prior year, the firm posted $0.95 earnings per share. The business’s revenue was up 44.6% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, equities research analysts predict that Gibraltar Industries, Inc. will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Gibraltar Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. grew its holdings in Gibraltar Industries by 16.8% in the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company’s stock worth $79,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Gibraltar Industries by 73.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in shares of Gibraltar Industries by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 19,330 shares of the construction company’s stock worth $956,000 after purchasing an additional 205 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Gibraltar Industries by 0.6% in the 4th quarter. Gabelli Funds LLC now owns 35,951 shares of the construction company’s stock worth $1,777,000 after purchasing an additional 208 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Gibraltar Industries by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 16,702 shares of the construction company’s stock worth $825,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ROCK. Zacks Research raised shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Seaport Research Partners reissued a “buy” rating and issued a $55.00 price target on shares of Gibraltar Industries in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Research Report on ROCK

About Gibraltar Industries

(Get Free Report)

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.

Further Reading

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