Gibraltar Industries (NASDAQ:ROCK) CEO Purchases $41,370.00 in Stock

Gibraltar Industries, Inc. (NASDAQ:ROCK) CEO William Bosway purchased 1,000 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $41.37 per share, with a total value of $41,370.00. Following the acquisition, the chief executive officer directly owned 230,585 shares in the company, valued at $9,539,301.45. This represents a 0.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gibraltar Industries Stock Down 4.6%

Shares of ROCK stock opened at $39.83 on Thursday. The business has a fifty day simple moving average of $49.89 and a 200 day simple moving average of $54.97. The company has a market cap of $1.18 billion, a P/E ratio of -26.55, a P/E/G ratio of 0.74 and a beta of 1.34. Gibraltar Industries, Inc. has a twelve month low of $37.79 and a twelve month high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $268.69 million for the quarter, compared to analysts’ expectations of $265.13 million. Gibraltar Industries had a positive return on equity of 12.05% and a negative net margin of 3.76%.The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. CJS Securities upgraded shares of Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Trading of Gibraltar Industries

A number of hedge funds have recently made changes to their positions in ROCK. Royal Bank of Canada raised its holdings in Gibraltar Industries by 7.3% in the 1st quarter. Royal Bank of Canada now owns 12,879 shares of the construction company’s stock valued at $756,000 after buying an additional 875 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Gibraltar Industries in the 1st quarter valued at approximately $248,000. Goldman Sachs Group Inc. raised its stake in shares of Gibraltar Industries by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company’s stock valued at $11,401,000 after acquiring an additional 40,656 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Gibraltar Industries by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,935 shares of the construction company’s stock valued at $5,100,000 after acquiring an additional 9,354 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Gibraltar Industries by 150.5% during the first quarter. Jane Street Group LLC now owns 102,703 shares of the construction company’s stock worth $6,025,000 after purchasing an additional 61,702 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

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.