Cunha Gustavo Werneck Da Buys 165,224 Shares of Gerdau (NYSE:GGB) Stock

June 16, 2026 by InsiderTrades.com

Key Points

Gerdau CEO Cunha Gustavo Werneck Da bought 165,224 shares on June 12 at $4.73 each, a transaction worth about $781,510. The purchase increased his direct ownership to 165,224 shares.
The CEO had also sold shares earlier this year, including 432,854 shares on May 8 and 50,000 shares on April 8, showing notable insider trading activity around the stock.
Gerdau recently raised its quarterly dividend to $0.0361 per share from $0.02, while analysts currently rate the stock a “Moderate Buy” with an average price target of $5.12.

Gerdau S.A. (NYSE:GGB - Get Free Report) CEO Cunha Gustavo Werneck Da purchased 165,224 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average price of $4.73 per share, for a total transaction of $781,509.52. Following the acquisition, the chief executive officer directly owned 165,224 shares in the company, valued at $781,509.52. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Cunha Gustavo Werneck Da also recently made the following trade(s):

On Friday, May 8th, Cunha Gustavo Werneck Da sold 432,854 shares of Gerdau stock. The shares were sold at an average price of $4.87, for a total value of $2,107,998.98.
On Wednesday, April 8th, Cunha Gustavo Werneck Da sold 50,000 shares of Gerdau stock. The shares were sold at an average price of $4.01, for a total value of $200,500.00.

Gerdau Stock Performance

NYSE:GGB opened at $4.65 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.76. The stock's fifty day moving average is $4.51 and its 200 day moving average is $4.08. Gerdau S.A. has a fifty-two week low of $2.80 and a fifty-two week high of $4.98. The firm has a market capitalization of $9.31 billion, a PE ratio of 29.09 and a beta of 1.48.

Gerdau (NYSE:GGB - Get Free Report) last released its earnings results on Tuesday, April 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). Gerdau had a return on equity of 6.76% and a net margin of 2.40%.The business had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.36 billion. On average, sell-side analysts anticipate that Gerdau S.A. will post 0.55 earnings per share for the current year.

Gerdau Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be paid a $0.0361 dividend. The ex-dividend date is Friday, May 15th. This is a positive change from Gerdau's previous quarterly dividend of $0.02. This represents a $0.14 dividend on an annualized basis and a yield of 3.1%. Gerdau's payout ratio is 75.00%.

Hedge Funds Weigh In On Gerdau

A number of hedge funds and other institutional investors have recently made changes to their positions in GGB. AQR Capital Management LLC grew its position in shares of Gerdau by 65.9% during the 1st quarter. AQR Capital Management LLC now owns 582,949 shares of the basic materials company's stock worth $1,656,000 after buying an additional 231,588 shares in the last quarter. Millennium Management LLC grew its position in shares of Gerdau by 54.6% during the 1st quarter. Millennium Management LLC now owns 4,363,764 shares of the basic materials company's stock worth $12,393,000 after buying an additional 1,541,311 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Gerdau by 821.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,344,175 shares of the basic materials company's stock worth $6,657,000 after buying an additional 2,089,675 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Gerdau during the 2nd quarter worth $51,000. Finally, Creative Planning grew its position in shares of Gerdau by 88.8% during the 2nd quarter. Creative Planning now owns 70,079 shares of the basic materials company's stock worth $205,000 after buying an additional 32,961 shares in the last quarter. Institutional investors own 1.49% of the company's stock.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on GGB

Gerdau Company Profile

(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.