Joseph Lovechio Purchases 1,000 Shares of Gibraltar Industries (NASDAQ:ROCK) Stock

Gibraltar Industries, Inc. (NASDAQ:ROCK) CFO Joseph Lovechio bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $34.62 per share, for a total transaction of $34,620.00. Following the acquisition, the chief financial officer directly owned 13,390 shares of the company’s stock, valued at $463,561.80. The trade was a 8.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gibraltar Industries Trading Up 4.6%

Shares of ROCK stock opened at $37.18 on Friday. Gibraltar Industries, Inc. has a 12-month low of $33.56 and a 12-month high of $75.08. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 1.39. The firm’s 50 day moving average is $39.22 and its 200 day moving average is $47.09. The stock has a market capitalization of $1.10 billion, a P/E ratio of -8.36, a P/E/G ratio of 0.62 and a beta of 1.26.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Gibraltar Industries by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,705,997 shares of the construction company’s stock worth $68,018,000 after acquiring an additional 7,251 shares during the last quarter. State Street Corp lifted its stake in shares of 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 lifted its stake in shares of Gibraltar Industries by 3.4% during 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 in the last quarter. Boston Partners lifted its stake in shares of Gibraltar Industries by 3,483.6% during the 4th quarter. Boston Partners now owns 923,711 shares of the construction company’s stock valued at $45,993,000 after buying an additional 897,935 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Gibraltar Industries by 694.4% during the 3rd quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after buying an additional 469,111 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

ROCK has been the topic of several analyst reports. Zacks Research upgraded shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Seaport Research Partners reiterated a “buy” rating and set a $55.00 price target on shares of Gibraltar Industries in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

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.