Gibraltar Industries, Inc. $ROCK Stock Position Trimmed by First Trust Advisors LP

Key Points

• First Trust Advisors LP cut its Gibraltar Industries position by 65.6% in the first quarter, selling 33,407 shares and retaining 17,525 shares valued at approximately $699,000.
• Institutional ownership remains high at 98.39%, while other investors made mixed moves; notably, First Wilshire Securities Management increased its stake by 287.7%.
• Gibraltar Industries beat quarterly expectations with $1.11 EPS versus the $1.02 consensus and revenue of $509.55 million versus $472.09 million estimates. Analysts’ overall view is “Moderate Buy,” despite mixed individual ratings.

First Trust Advisors LP decreased its position in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 65.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,525 shares of the construction company's stock after selling 33,407 shares during the period. First Trust Advisors LP owned approximately 0.06% of Gibraltar Industries worth $699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Wilshire Securities Management Inc. raised its holdings in shares of Gibraltar Industries by 287.7% during the first quarter. First Wilshire Securities Management Inc. now owns 499,923 shares of the construction company's stock valued at $19,932,000 after buying an additional 370,985 shares during the last quarter. Summit Global Investments boosted its position in shares of Gibraltar Industries by 4.6% during the first quarter. Summit Global Investments now owns 19,176 shares of the construction company's stock worth $765,000 after buying an additional 847 shares during the period. Commonwealth Financial Services LLC bought a new position in Gibraltar Industries in the 1st quarter worth approximately $260,000. Dimensional Fund Advisors LP increased its position in Gibraltar Industries by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,705,997 shares of the construction company's stock valued at $68,018,000 after acquiring an additional 7,251 shares during the period. Finally, Aviance Capital Partners LLC acquired a new stake in Gibraltar Industries in the 1st quarter valued at approximately $829,000. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $49.77 on Wednesday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -9.88, a PEG ratio of 0.85 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.46 and a quick ratio of 0.91. Gibraltar Industries, Inc. has a 12 month low of $33.56 and a 12 month high of $75.08. The stock's 50 day moving average price is $43.28 and its 200 day moving average price is $43.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.09. Gibraltar Industries had a positive return on equity of 11.23% and a negative net margin of 10.43%.The firm had revenue of $509.55 million during the quarter, compared to analyst estimates of $472.09 million. During the same period last year, the company posted $1.13 EPS. The firm's quarterly revenue was down 100.0% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 3.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ROCK shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Gibraltar Industries in a research report on Friday, May 29th. Zacks Research raised Gibraltar Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Seaport Research Partners reissued a "buy" rating and set a $55.00 price target on shares of Gibraltar Industries in a report on Tuesday, May 12th. Finally, Longbow Research started coverage on shares of Gibraltar Industries in a research note on Tuesday, July 7th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Gibraltar Industries has a consensus rating of "Moderate Buy".

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, CEO William T. Bosway purchased 19,735 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $37.44 per share, for a total transaction of $738,878.40. Following the completion of the transaction, the chief executive officer owned 250,320 shares in the company, valued at $9,371,980.80. The trade was a 8.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph A. Lovechio acquired 1,000 shares of Gibraltar Industries stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $34.62 per share, with a total value of $34,620.00. Following the transaction, the chief financial officer owned 13,390 shares in the company, valued at approximately $463,561.80. This represents a 8.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 22,135 shares of company stock valued at $823,380 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

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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