Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) CEO William Bosway purchased 1,500 shares of Gibraltar Industries stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $39.52 per share, with a total value of $59,280.00. Following the acquisition, the chief executive officer directly owned 229,585 shares of the company's stock, valued at $9,073,199.20. This trade represents a 0.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Gibraltar Industries Trading Up 5.9%
Shares of ROCK traded up $2.30 during mid-day trading on Tuesday, reaching $41.48. The company's stock had a trading volume of 586,255 shares, compared to its average volume of 335,690. Gibraltar Industries, Inc. has a 1-year low of $37.79 and a 1-year high of $75.08. The business has a 50-day simple moving average of $51.06 and a two-hundred day simple moving average of $56.03. The stock has a market cap of $1.23 billion, a P/E ratio of -27.65, a PEG ratio of 0.71 and a beta of 1.34.
Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Gibraltar Industries had a positive return on equity of 12.05% and a negative net margin of 3.76%.The business had revenue of $268.69 million for the quarter, compared to analysts' expectations of $265.13 million. During the same quarter in the prior year, the business earned $1.01 EPS. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Gibraltar Industries in a research note on Monday, December 29th. CJS Securities raised Gibraltar Industries to a "strong-buy" rating in a report on Thursday, December 11th. Finally, Zacks Research downgraded Gibraltar Industries from a "hold" rating to a "strong sell" rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".
Check Out Our Latest Research Report on ROCK
Institutional Trading of Gibraltar Industries
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Gibraltar Industries by 7.3% during the first quarter. Royal Bank of Canada now owns 12,879 shares of the construction company's stock worth $756,000 after purchasing an additional 875 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Gibraltar Industries in the 1st quarter valued at $248,000. Goldman Sachs Group Inc. grew its position in Gibraltar Industries by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company's stock valued at $11,401,000 after acquiring an additional 40,656 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gibraltar Industries by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,935 shares of the construction company's stock worth $5,100,000 after acquiring an additional 9,354 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Gibraltar Industries by 150.5% in the first quarter. Jane Street Group LLC now owns 102,703 shares of the construction company's stock worth $6,025,000 after acquiring an additional 61,702 shares during the last quarter. Institutional investors own 98.39% of the company's stock.
Gibraltar Industries Company Profile
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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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