Gibraltar Industries (NASDAQ:ROCK) Stock Price Down 5.7% – Here’s Why
by Renee Jackson · The Cerbat GemGibraltar Industries, Inc. (NASDAQ:ROCK – Get Free Report) shares were down 5.7% during mid-day trading on Wednesday . The company traded as low as $39.74 and last traded at $39.1610. Approximately 68,366 shares traded hands during trading, a decline of 80% from the average daily volume of 340,328 shares. The stock had previously closed at $41.53.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on ROCK shares. Weiss Ratings restated a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. Zacks Research lowered shares of Gibraltar Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
View Our Latest Stock Analysis on ROCK
Gibraltar Industries Price Performance
The stock has a 50-day moving average price of $44.97 and a 200 day moving average price of $52.13. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -25.89, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35.
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last announced its earnings results on Thursday, February 26th. The construction company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $268.69 million for the quarter, compared to the consensus estimate of $265.13 million. Gibraltar Industries had a negative net margin of 3.76% and a positive return on equity of 12.05%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Sell-side analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director James S. Metcalf purchased 12,444 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of $40.35 per share, for a total transaction of $502,115.40. Following the completion of the acquisition, the director directly owned 15,500 shares in the company, valued at approximately $625,425. This trade represents a 407.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William T. Bosway acquired 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average price of $38.29 per share, with a total value of $172,305.00. Following the completion of the acquisition, the chief executive officer owned 228,085 shares of the company’s stock, valued at $8,733,374.65. This represents a 2.01% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 19,444 shares of company stock valued at $775,070. Company insiders own 0.50% of the company’s stock.
Institutional Trading of Gibraltar Industries
A number of institutional investors have recently made changes to their positions in the business. Clayton Partners LLC acquired a new stake in Gibraltar Industries in the 3rd quarter valued at $4,182,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Gibraltar Industries during the 3rd quarter worth about $634,000. Citigroup Inc. boosted its stake in shares of Gibraltar Industries by 28.3% during the 3rd quarter. Citigroup Inc. now owns 70,531 shares of the construction company’s stock worth $4,429,000 after buying an additional 15,555 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Gibraltar Industries by 294.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 73,524 shares of the construction company’s stock valued at $4,617,000 after acquiring an additional 54,895 shares in the last quarter. Finally, Teton Advisors LLC bought a new position in shares of Gibraltar Industries in the 3rd quarter valued at about $3,423,000. Institutional investors own 98.39% of the company’s stock.
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.