Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Free Report) rose 6.9% on Thursday. The company traded as high as $39.48 and last traded at $39.2250. Approximately 149,510 shares traded hands during trading, a decline of 57% from the average daily volume of 347,029 shares. The stock had previously closed at $36.68.
Analyst Ratings Changes
A number of research firms have weighed in on ROCK. Longbow Research started coverage on shares of Gibraltar Industries in a report on Tuesday, July 7th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Gibraltar Industries in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Gibraltar Industries presently has an average rating of “Moderate Buy”.
Get Our Latest Report on Gibraltar Industries
Gibraltar Industries Price Performance
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.09. The firm had revenue of $509.55 million during the quarter, compared to analyst estimates of $472.09 million. Gibraltar Industries had a negative net margin of 10.43% and a positive return on equity of 11.23%. Gibraltar Industries’s revenue for the quarter was down 100.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, equities analysts forecast that Gibraltar Industries, Inc. will post 3.84 earnings per share for the current year.
Hedge Funds Weigh In On Gibraltar Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROCK. BlackRock Inc. purchased a new stake in Gibraltar Industries during the second quarter worth $221,886,000. Dimensional Fund Advisors LP boosted its position in Gibraltar Industries by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,705,997 shares of the construction company’s stock valued at $68,018,000 after buying an additional 7,251 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Gibraltar Industries during the 2nd quarter worth $44,420,000. First Wilshire Securities Management Inc. increased its position in shares of Gibraltar Industries by 287.7% during the first quarter. First Wilshire Securities Management Inc. now owns 499,923 shares of the construction company’s stock worth $19,932,000 after purchasing an additional 370,985 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Gibraltar Industries by 21.9% in the first quarter. Segall Bryant & Hamill LLC now owns 430,995 shares of the construction company’s stock valued at $17,184,000 after buying an additional 77,440 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 is a manufacturer of products and solutions for the renewable energy, infrastructure, residential, and agricultural technology markets. The company designs and produces equipment and components used in utility-scale and distributed solar installations, including mounting systems, electrical balance-of-system products, and related structures.
Through its infrastructure businesses, Gibraltar supplies products for highway, bridge, utility, and industrial applications.
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