Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $35.10 and last traded at $36.1580, with a volume of 8486 shares traded. The stock had previously closed at $35.38.
Analysts Set New Price Targets
ROCK has been the subject of a number of research reports. Seaport Research Partners reaffirmed a “buy” rating and set a $55.00 price target on shares of Gibraltar Industries in a research report on Tuesday, May 12th. Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, Gibraltar Industries has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Gibraltar Industries
Gibraltar Industries Stock Up 2.1%
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last released 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). Gibraltar Industries had a negative net margin of 10.68% and a positive return on equity of 10.86%. The business had revenue of $356.29 million during the quarter, compared to analyst estimates of $350.15 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’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 analysts anticipate that Gibraltar Industries, Inc. will post 3.8 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director James S. Metcalf purchased 12,444 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $40.35 per share, for a total transaction of $502,115.40. Following the completion of the purchase, the director directly 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. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William T. Bosway purchased 4,500 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $38.29 per share, for a total transaction of $172,305.00. Following the completion of the purchase, the chief executive officer directly owned 228,085 shares of the company’s stock, valued at $8,733,374.65. This represents a 2.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 19,444 shares of company stock worth $775,070 over the last 90 days. 0.90% of the stock is owned by insiders.
Institutional Trading of Gibraltar Industries
A number of large investors have recently modified their holdings of the stock. Clayton Partners LLC purchased a new position in Gibraltar Industries in the third quarter valued at $4,182,000. Y Intercept Hong Kong Ltd purchased a new position in Gibraltar Industries in the third quarter valued at $634,000. Citigroup Inc. increased its holdings in Gibraltar Industries by 28.3% in the third quarter. Citigroup Inc. now owns 70,531 shares of the construction company’s stock valued at $4,429,000 after buying an additional 15,555 shares during the last quarter. Teton Advisors LLC purchased a new position in Gibraltar Industries in the third quarter valued at $3,423,000. Finally, Teacher Retirement System of Texas increased its holdings in Gibraltar Industries by 294.7% in the third quarter. Teacher Retirement System of Texas now owns 73,524 shares of the construction company’s stock valued at $4,617,000 after buying an additional 54,895 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.
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.
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