Insider Selling: Gerdau (NYSE:GGB) EVP Sells 5,000 Shares of Stock

Key Points

  • Gerdau EVP Mauricio Metz sold 5,000 shares on May 13 at an average price of $4.85, totaling $24,250. After the sale, he still held 34,536 shares, a 12.65% reduction in his position.
  • Metz has been actively selling shares recently, including 2,000 shares on May 5 and 1,000 shares each on April 28 and April 10.
  • Gerdau recently raised its quarterly dividend to $0.0361 per share from $0.02, and several analysts remain constructive on the stock with a consensus rating of “Moderate Buy” and a $5.12 price target.

Gerdau S.A. (NYSE:GGB - Get Free Report) EVP Mauricio Metz sold 5,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $4.85, for a total value of $24,250.00. Following the completion of the sale, the executive vice president directly owned 34,536 shares in the company, valued at approximately $167,499.60. This represents a 12.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mauricio Metz also recently made the following trade(s):

  • On Tuesday, May 5th, Mauricio Metz sold 2,000 shares of Gerdau stock. The shares were sold at an average price of $4.69, for a total value of $9,380.00.
  • On Tuesday, April 28th, Mauricio Metz sold 1,000 shares of Gerdau stock. The shares were sold at an average price of $4.53, for a total value of $4,530.00.
  • On Friday, April 10th, Mauricio Metz sold 1,000 shares of Gerdau stock. The shares were sold at an average price of $4.24, for a total value of $4,240.00.

Gerdau Stock Performance

NYSE GGB opened at $4.61 on Friday. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 28.78 and a beta of 1.51. The company has a 50 day moving average of $4.01 and a 200-day moving average of $3.91. The company has a current ratio of 2.76, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Gerdau S.A. has a 1-year low of $2.61 and a 1-year high of $4.98.




Gerdau (NYSE:GGB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.36 billion. Gerdau had a return on equity of 6.76% and a net margin of 2.40%. On average, equities analysts forecast that Gerdau S.A. will post 0.51 earnings per share for the current fiscal year.

Gerdau Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.0361 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Gerdau's previous quarterly dividend of $0.02. This represents a $0.14 annualized dividend and a dividend yield of 3.1%. Gerdau's dividend payout ratio (DPR) is 37.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GGB. Scotiabank raised shares of Gerdau from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 26th. UBS Group reiterated a "buy" rating and set a $5.25 price target (up from $4.60) on shares of Gerdau in a research report on Wednesday, April 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Gerdau in a research report on Friday, March 27th. Itau BBA Securities upgraded shares of Gerdau from a "market perform" rating to an "outperform" rating and set a $4.60 price target on the stock in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Gerdau from $5.00 to $5.50 and gave the stock an "overweight" rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5.12.

Get Our Latest Report on Gerdau

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BSW Wealth Partners increased its stake in shares of Gerdau by 4.7% in the 4th quarter. BSW Wealth Partners now owns 53,697 shares of the basic materials company's stock valued at $198,000 after buying an additional 2,428 shares during the period. Inspire Investing LLC increased its stake in shares of Gerdau by 11.0% in the 4th quarter. Inspire Investing LLC now owns 26,397 shares of the basic materials company's stock valued at $97,000 after buying an additional 2,607 shares during the period. Xponance LLC increased its stake in shares of Gerdau by 16.1% in the 4th quarter. Xponance LLC now owns 20,570 shares of the basic materials company's stock valued at $76,000 after buying an additional 2,845 shares during the period. QRG Capital Management Inc. increased its stake in shares of Gerdau by 11.9% in the 1st quarter. QRG Capital Management Inc. now owns 30,100 shares of the basic materials company's stock valued at $109,000 after buying an additional 3,196 shares during the period. Finally, Xponance Inc. increased its stake in shares of Gerdau by 22.3% in the 3rd quarter. Xponance Inc. now owns 17,725 shares of the basic materials company's stock valued at $55,000 after buying an additional 3,230 shares during the period. Institutional investors and hedge funds own 1.49% of the company's stock.

About Gerdau

(Get Free Report)

Gerdau SA is a Brazilian-based steel producer engaged in the manufacture and distribution of long steel products for the construction, industrial and agricultural sectors. Established in 1901, the company operates an integrated network of electric-arc furnaces and rolling mills, producing reinforcement bars, wire rod, merchant bars and structural shapes. Gerdau's product portfolio also includes specialty long steel, high-yield reinforcement, rail, beams and steel coils, as well as value-added processing services such as cutting, bending and coating.

The company has expanded its footprint beyond Brazil, with significant operations in North America, South America and a presence in select European markets.

See Also

Insider Buying and Selling by Quarter for Gerdau (NYSE:GGB)

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