BlackRock Inc. Makes New $221.89 Million Investment in Gibraltar Industries, Inc. $ROCK

Key Points

• BlackRock acquired 4.92 million shares of Gibraltar Industries in the second quarter, a stake valued at approximately $221.9 million and representing about 16.59% of the company.
• Institutional investors own 98.39% of Gibraltar Industries, while analysts maintain a consensus “Moderate Buy” rating, including buy ratings from Seaport Research Partners and Longbow Research.
• Gibraltar Industries exceeded quarterly expectations with EPS of $1.11 versus the $1.02 consensus and revenue of $509.55 million versus $472.09 million; analysts project full-year EPS of $3.84.

BlackRock Inc. acquired a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,919,877 shares of the construction company's stock, valued at approximately $221,886,000. BlackRock Inc. owned about 16.59% of Gibraltar Industries as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ROCK. Osaic Holdings Inc. increased its position in shares of Gibraltar Industries by 16.8% during the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company's stock valued at $79,000 after acquiring an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Gibraltar Industries by 73.0% in 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 during the last quarter. Gabelli Funds LLC boosted its position in Gibraltar Industries by 0.6% in the fourth quarter. Gabelli Funds LLC now owns 35,951 shares of the construction company's stock worth $1,777,000 after purchasing an additional 208 shares during the last quarter. California State Teachers Retirement System grew its stake in Gibraltar Industries by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 28,132 shares of the construction company's stock valued at $1,660,000 after purchasing an additional 287 shares during the period. Finally, State of Wyoming grew its stake in Gibraltar Industries by 28.7% in the 1st quarter. State of Wyoming now owns 1,360 shares of the construction company's stock valued at $54,000 after purchasing an additional 303 shares during the period. Institutional investors own 98.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROCK. Weiss Ratings reiterated a "sell (d)" rating on shares of Gibraltar Industries in a research note on Friday, May 29th. Seaport Research Partners restated a "buy" rating and set a $55.00 price target on shares of Gibraltar Industries in a research report on Tuesday, May 12th. Finally, Longbow Research began coverage on shares of Gibraltar Industries in a report on Tuesday, July 7th. They set a "buy" rating for the company. 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Gibraltar Industries Price Performance

Gibraltar Industries stock opened at $45.85 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 1.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.37. The business's 50 day simple moving average is $45.16 and its 200 day simple moving average is $42.79. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -9.10, a PEG ratio of 0.80 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.09. The business had revenue of $509.55 million during the quarter, compared to the consensus estimate of $472.09 million. Gibraltar Industries had a positive return on equity of 11.23% and a negative net margin of 10.43%.The business's revenue for the quarter was down 100.0% on a year-over-year basis. During the same period last year, the business posted $1.13 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Sell-side analysts forecast that Gibraltar Industries, Inc. will post 3.84 EPS for the current year.

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.

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