Louisiana State Employees Retirement System Acquires Shares of 13,100 Gibraltar Industries, Inc. $ROCK

Louisiana State Employees Retirement System bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,100 shares of the construction company’s stock, valued at approximately $522,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Gibraltar Industries by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,746 shares of the construction company’s stock worth $83,987,000 after purchasing an additional 13,444 shares during the last quarter. State Street Corp lifted its holdings in Gibraltar Industries by 5.8% during the 4th quarter. State Street Corp now owns 1,363,153 shares of the construction company’s stock valued at $67,394,000 after buying an additional 74,427 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Gibraltar Industries by 3.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 986,324 shares of the construction company’s stock valued at $48,764,000 after buying an additional 32,764 shares during the period. Boston Partners grew its stake in Gibraltar Industries by 3,483.6% in the 4th quarter. Boston Partners now owns 923,711 shares of the construction company’s stock worth $45,993,000 after acquiring an additional 897,935 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Gibraltar Industries by 694.4% in the 3rd quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock worth $33,703,000 after acquiring an additional 469,111 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROCK has been the subject of several research analyst reports. Longbow Research started coverage on shares of Gibraltar Industries in a research note on Tuesday. They set a “buy” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Gibraltar Industries in a research note on Friday, May 29th. Seaport Research Partners reaffirmed a “buy” rating and set a $55.00 target price on shares of Gibraltar Industries in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Gibraltar Industries Stock Down 0.2%

NASDAQ:ROCK opened at $43.15 on Wednesday. The company’s 50-day simple moving average is $39.55 and its 200-day simple moving average is $44.36. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.87 and a current ratio of 1.41. Gibraltar Industries, Inc. has a fifty-two week low of $33.56 and a fifty-two week high of $75.08. The stock has a market capitalization of $1.28 billion, a P/E ratio of -9.70, a P/E/G ratio of 0.76 and a beta of 1.21.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, May 7th. The construction company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The firm had revenue of $356.29 million for the quarter, compared to analysts’ expectations of $350.15 million. Gibraltar Industries had a negative net margin of 10.68% and a positive return on equity of 10.86%. The company’s revenue was up 44.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. On average, equities analysts anticipate that Gibraltar Industries, Inc. will post 3.8 earnings per share for the current fiscal year.

Insider Activity

In other Gibraltar Industries news, CEO William T. Bosway acquired 19,735 shares of the stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $37.44 per share, with a total value of $738,878.40. Following the transaction, the chief executive officer directly owned 250,320 shares of the company’s stock, valued at $9,371,980.80. This trade represents a 8.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph A. Lovechio bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $34.62 per share, for a total transaction of $34,620.00. Following the completion of the purchase, the chief financial officer owned 13,390 shares in the company, valued at $463,561.80. The trade was a 8.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 22,135 shares of company stock worth $823,380. Insiders own 0.90% of the company’s stock.

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.