Royce & Associates LP Buys 62,218 Shares of Gibraltar Industries, Inc. $ROCK

Key Points

• Royce & Associates LP increased its stake in Gibraltar Industries by 46.3% in the fourth quarter, buying 62,218 additional shares for a total holding of 196,730 shares worth about $9.7 million.
• Gibraltar Industries recently reported quarterly earnings of $0.45 per share, missing analyst estimates, even though revenue came in above expectations at $356.29 million and rose 44.6% year over year.
• Insider buying has been notable, with both a director and the CEO purchasing shares recently; meanwhile, analysts currently rate the stock a Hold overall, with mixed target views.

Royce & Associates LP boosted its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,730 shares of the construction company's stock after acquiring an additional 62,218 shares during the period. Royce & Associates LP owned 0.67% of Gibraltar Industries worth $9,726,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ROCK. Hantz Financial Services Inc. raised its position in Gibraltar Industries by 240.0% in 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 during the period. EverSource Wealth Advisors LLC raised 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 acquiring an additional 203 shares during the period. Advisory Services Network LLC bought a new stake in shares of Gibraltar Industries in the third quarter valued at approximately $38,000. Clearstead Advisors LLC raised its position in shares of Gibraltar Industries by 6,841.7% in the fourth quarter. Clearstead Advisors LLC now owns 833 shares of the construction company's stock valued at $41,000 after purchasing an additional 821 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Gibraltar Industries by 16.8% in the second quarter. Osaic Holdings Inc. now owns 1,348 shares of the construction company's stock valued at $79,000 after purchasing an additional 194 shares during the period. Institutional investors own 98.39% of the company's stock.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $39.23 on Friday. The company has a 50 day moving average of $38.95 and a 200 day moving average of $46.36. The stock has a market cap of $1.16 billion, a P/E ratio of -8.82, a P/E/G ratio of 0.69 and a beta of 1.26. 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.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $356.29 million for the quarter, compared to analysts' expectations of $350.15 million. Gibraltar Industries had a negative net margin of 10.68% and a positive return on equity of 10.86%. Gibraltar Industries's revenue was up 44.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. 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 3.8 EPS for the current fiscal year.

Insider Activity at Gibraltar Industries

In related news, Director James S. Metcalf purchased 12,444 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $40.35 per share, with a total value of $502,115.40. Following the purchase, the director directly owned 15,500 shares in the company, valued at approximately $625,425. This represents a 407.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William T. Bosway purchased 19,735 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $37.44 per share, with a total value of $738,878.40. Following the purchase, the chief executive officer owned 250,320 shares in the company, valued at approximately $9,371,980.80. This represents a 8.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 41,579 shares of company stock worth $1,598,451 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROCK. Zacks Research raised shares of Gibraltar Industries from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Seaport Research Partners reissued a "buy" rating and issued a $55.00 price target on shares of Gibraltar Industries in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Gibraltar Industries Company 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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