Key Points
- Gibraltar Industries CFO Joseph Lovechio bought 1,000 shares at $34.62 each, spending $34,620 and increasing his ownership by 8.07% to 13,390 shares.
- The company recently reported mixed quarterly results: earnings of $0.45 per share missed estimates, but revenue of $356.29 million came in above expectations and rose 44.6% year over year.
- Gibraltar Industries’ stock is trading near its 12-month low, and analysts currently hold a consensus rating of “Hold” despite one firm maintaining a $55 price target.
Gibraltar Industries, Inc. (NASDAQ:ROCK - Get Free Report) CFO Joseph Lovechio purchased 1,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $34.62 per share, for a total transaction of $34,620.00. Following the transaction, the chief financial officer owned 13,390 shares of the company's stock, valued at approximately $463,561.80. This trade represents a 8.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Gibraltar Industries Stock Performance
Shares of ROCK stock opened at $35.54 on Friday. The firm's 50 day moving average is $39.32 and its 200 day moving average is $47.16. The stock has a market capitalization of $1.05 billion, a P/E ratio of -7.99, a PEG ratio of 0.62 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 released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.04). Gibraltar Industries had a negative net margin of 10.68% and a positive return on equity of 10.86%. The business had revenue of $356.29 million during the quarter, compared to analysts' expectations of $350.15 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The firm's quarterly revenue was up 44.6% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 3.8 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 203 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Gibraltar Industries by 822.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the construction company's stock valued at $25,000 after buying an additional 444 shares during the period. Hantz Financial Services Inc. grew its position in Gibraltar Industries by 240.0% during the fourth quarter. Hantz Financial Services Inc. now owns 510 shares of the construction company's stock worth $25,000 after buying an additional 360 shares in the last quarter. Advisory Services Network LLC bought a new position in Gibraltar Industries in the 3rd quarter worth about $38,000. Finally, Kestra Advisory Services LLC bought a new position in Gibraltar Industries in the 4th quarter worth about $39,000. 98.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Zacks Research upgraded Gibraltar Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Seaport Research Partners reaffirmed a "buy" rating and set a $55.00 target price on shares of Gibraltar Industries in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".
Get Our Latest Analysis on Gibraltar Industries
About Gibraltar Industries
(
Get Free Report)
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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