Stock Traders Purchase High Volume of Put Options on Gibraltar Industries (NASDAQ:ROCK)

Key Points

• Unusually heavy bearish options activity: Investors purchased 19,068 put options on Gibraltar Industries, roughly 4,866% above its typical daily volume of 384 contracts.
• Analyst sentiment remains mixed but positive overall: Ratings range from Strong Buy to Sell, with MarketBeat reporting an overall “Moderate Buy” consensus and one analyst assigning a $55 price target.
• Insiders and institutions have been active buyers: Company insiders bought $823,380 worth of shares over the past three months, while institutional investors own 98.39% of the stock. The company also exceeded quarterly EPS and revenue expectations, reporting $1.11 EPS versus the $1.02 consensus.

Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) was the target of unusually large options trading on Monday. Investors purchased 19,068 put options on the stock. This is an increase of 4,866% compared to the typical daily volume of 384 put options.

Analyst Upgrades and Downgrades

ROCK has been the subject of a number of analyst reports. Longbow Research began coverage on shares of Gibraltar Industries in a research note on Tuesday, July 7th. They issued a "buy" rating for the company. Zacks Research raised Gibraltar Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Weiss Ratings restated a "sell (d)" rating on shares of Gibraltar Industries in a research note on Friday, May 29th. Finally, Seaport Research Partners reiterated a "buy" rating and set a $55.00 price objective on shares of Gibraltar Industries in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Insider Buying and Selling at Gibraltar Industries

In other Gibraltar Industries news, CEO William T. Bosway acquired 19,735 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $37.44 per share, with a total value of $738,878.40. Following the completion of the acquisition, the chief executive officer owned 250,320 shares in the company, valued at $9,371,980.80. This represents a 8.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph A. Lovechio bought 1,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 13,390 shares of the company's stock, valued at $463,561.80. This trade represents a 8.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 22,135 shares of company stock worth $823,380 in the last three months. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gibraltar Industries

Several large investors have recently added to or reduced their stakes in ROCK. BlackRock Inc. bought a new stake in shares of Gibraltar Industries in the 2nd quarter valued at approximately $221,886,000. Deutsche Bank AG bought a new stake in Gibraltar Industries in the second quarter worth $1,519,000. Perigon Wealth Management LLC bought a new stake in Gibraltar Industries in the second quarter worth $219,000. Bank of New York Mellon Corp purchased a new position in Gibraltar Industries during the second quarter worth $7,650,000. Finally, Wedge Capital Management L L P NC increased its position in Gibraltar Industries by 9.1% during the second quarter. Wedge Capital Management L L P NC now owns 39,125 shares of the construction company's stock valued at $1,765,000 after acquiring an additional 3,263 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Price Performance

Shares of NASDAQ ROCK traded down $1.74 during midday trading on Monday, reaching $48.49. 119,942 shares of the stock traded hands, compared to its average volume of 357,119. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.46 and a quick ratio of 0.91. The stock has a market capitalization of $1.44 billion, a PE ratio of -9.65, a P/E/G ratio of 0.87 and a beta of 1.22. Gibraltar Industries has a one year low of $33.56 and a one year high of $75.08. The company's 50 day moving average is $42.82 and its 200 day moving average is $43.23.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released 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 negative net margin of 10.43% and a positive return on equity of 11.23%. The company had revenue of $509.55 million for the quarter, compared to the consensus estimate of $472.09 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Gibraltar Industries's 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. On average, equities research analysts anticipate that Gibraltar Industries will post 3.84 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source