Bank of New York Mellon Corp Takes $7.65 Million Position in Gibraltar Industries, Inc. $ROCK

Key Points

• Bank of New York Mellon acquired 169,626 shares of Gibraltar Industries, valued at approximately $7.65 million, representing a 0.57% stake. Institutional investors collectively own 98.39% of the company.
• Analyst sentiment is mixed but leans positive, with ratings ranging from Sell to Strong Buy and an overall “Moderate Buy” consensus. Seaport Research Partners set a $55 price target.
• Gibraltar Industries reported quarterly earnings of $1.11 per share, beating estimates of $1.02, while revenue reached $509.55 million versus expectations of $472.09 million. The stock recently traded at $45.77.

Bank of New York Mellon Corp purchased a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 169,626 shares of the construction company's stock, valued at approximately $7,650,000. Bank of New York Mellon Corp owned 0.57% of Gibraltar Industries at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Gibraltar Industries by 73.0% during the second quarter. EverSource Wealth Advisors LLC now owns 481 shares of the construction company's stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Gibraltar Industries by 822.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company's stock worth $25,000 after buying an additional 444 shares during the period. Hantz Financial Services Inc. lifted its holdings in Gibraltar Industries by 240.0% during the fourth quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company's stock worth $25,000 after acquiring an additional 360 shares in the last quarter. Advisory Services Network LLC bought a new position in Gibraltar Industries during the third quarter worth about $38,000. Finally, Kestra Advisory Services LLC acquired a new position in Gibraltar Industries in the fourth quarter valued at about $39,000. Institutional investors own 98.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a "sell (d)" rating on shares of Gibraltar Industries in a report on Wednesday, August 26th. Longbow Research assumed coverage on Gibraltar Industries in a research note on Tuesday, July 7th. They set a "buy" rating for the company. Finally, Seaport Research Partners restated a "buy" rating and set a $55.00 target price on shares of Gibraltar Industries in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gibraltar Industries currently has an average rating of "Moderate Buy".

Gibraltar Industries Trading Up 3.5%

NASDAQ ROCK opened at $45.77 on Friday. 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. The stock's 50 day moving average price is $45.47 and its two-hundred day moving average price is $42.46. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -9.08, a PEG ratio of 0.77 and a beta of 1.23.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings results 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 during 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%. The business's quarterly revenue was down 100.0% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, analysts anticipate that Gibraltar Industries, Inc. will post 3.84 earnings per share for the current fiscal 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.

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