Palisade Capital Management LP Acquires Shares of 168,431 Gibraltar Industries, Inc. $ROCK

Palisade Capital Management LP bought a new stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 168,431 shares of the construction company’s stock, valued at approximately $7,596,000.

Other large investors also recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of Gibraltar Industries in the second quarter worth $2,920,000. The Manufacturers Life Insurance Company bought a new stake in Gibraltar Industries during the second quarter worth about $590,000. Van Hulzen Asset Management LLC acquired a new stake in Gibraltar Industries during the second quarter worth about $898,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gibraltar Industries during the second quarter worth about $2,246,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Gibraltar Industries in the 2nd quarter valued at about $44,420,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Gibraltar Industries in a research report on Friday, May 29th. Longbow Research started coverage on shares of Gibraltar Industries in a research report on Tuesday, July 7th. They set a “buy” rating on the stock. Seaport Research Partners reissued a “buy” rating and issued a $55.00 price objective on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Gibraltar Industries Trading Down 0.6%

Shares of NASDAQ ROCK opened at $46.01 on Wednesday. The firm has a 50 day moving average price of $44.94 and a two-hundred day moving average price of $42.89. The stock has a market cap of $1.37 billion, a P/E ratio of -9.13, a price-to-earnings-growth ratio of 0.80 and a beta of 1.22. 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 1.37, a quick ratio of 0.91 and a current ratio of 1.46.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.09. The company had revenue of $509.55 million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $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 EPS for the current year.

Gibraltar Industries 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.