Palisade Capital Management LP Takes $7.60 Million Position in Gibraltar Industries, Inc. $ROCK

Key Points

• Palisade Capital Management acquired 168,431 shares of Gibraltar Industries, worth approximately $7.6 million, giving it a 0.57% stake. Institutional investors collectively own 98.39% of the company.
• Gibraltar Industries exceeded quarterly expectations, reporting $1.11 in EPS versus the $1.02 consensus and revenue of $509.55 million versus $472.09 million expected. However, revenue was reported down 100% year over year and the company posted a negative net margin.
• Analyst sentiment is mixed but leans positive, with ratings ranging from Strong Buy to Sell and an overall MarketBeat consensus of “Moderate Buy.” Shares opened at $46.01, within a 52-week range of $33.56 to $75.08.

Palisade Capital Management LP bought a new stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 168,431 shares of the construction company's stock, valued at approximately $7,596,000. Palisade Capital Management LP owned approximately 0.57% of Gibraltar Industries at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Gibraltar Industries during the second quarter worth $221,886,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Gibraltar Industries in the 2nd quarter valued at about $44,420,000. Boston Partners raised its holdings in shares of Gibraltar Industries by 3,483.6% in the 4th quarter. Boston Partners now owns 923,711 shares of the construction company's stock valued at $45,993,000 after purchasing an additional 897,935 shares during the period. Alliancebernstein L.P. lifted its stake in Gibraltar Industries by 694.4% in the 3rd quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company's stock valued at $33,703,000 after purchasing an additional 469,111 shares during the last quarter. Finally, First Wilshire Securities Management Inc. lifted its stake in Gibraltar Industries by 287.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 499,923 shares of the construction company's stock valued at $19,932,000 after purchasing an additional 370,985 shares during the last quarter. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Trading Down 0.6%

Shares of Gibraltar Industries stock opened at $46.01 on Wednesday. The firm has a 50-day moving average of $44.94 and a 200-day moving average of $42.89. The stock has a market cap of $1.37 billion, a PE ratio of -9.13, a PEG 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 - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.02 by $0.09. Gibraltar Industries had a negative net margin of 10.43% and a positive return on equity of 11.23%. The business had revenue of $509.55 million for the quarter, compared to the consensus estimate of $472.09 million. During the same period in the prior year, the company posted $1.13 earnings per share. Gibraltar Industries's revenue was down 100.0% compared to the same quarter last year. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 3.84 EPS for the current year.

Analyst Upgrades and Downgrades

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

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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