Gibraltar Industries (NASDAQ:ROCK) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Gibraltar Industries (NASDAQ:ROCK) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Gibraltar Industries Price Performance

ROCK opened at $37.53 on Tuesday. The business has a 50 day simple moving average of $41.78 and a 200-day simple moving average of $50.22. The stock has a market capitalization of $1.11 billion, a P/E ratio of -25.02, a P/E/G ratio of 0.71 and a beta of 1.35. Gibraltar Industries has a 12 month low of $37.30 and a 12 month high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $268.69 million during the quarter, compared to analysts’ expectations of $265.13 million. Gibraltar Industries had a positive return on equity of 12.05% and a negative net margin of 3.76%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Research analysts anticipate that Gibraltar Industries will post 3.77 EPS for the current year.

Insider Activity at Gibraltar Industries

In other news, Director James S. Metcalf acquired 12,444 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $40.35 per share, with a total value of $502,115.40. Following the purchase, the director directly owned 15,500 shares of the company’s stock, valued at approximately $625,425. This trade represents a 407.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William T. Bosway acquired 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $38.29 per share, with a total value of $172,305.00. Following the completion of the purchase, the chief executive officer directly owned 228,085 shares in the company, valued at $8,733,374.65. This represents a 2.01% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 19,444 shares of company stock valued at $775,070 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gibraltar Industries

Several hedge funds have recently bought and sold shares of ROCK. Royal Bank of Canada increased its stake in Gibraltar Industries by 7.3% in the 1st quarter. Royal Bank of Canada now owns 12,879 shares of the construction company’s stock valued at $756,000 after purchasing an additional 875 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Gibraltar Industries in the 1st quarter valued at approximately $248,000. Goldman Sachs Group Inc. increased its position in Gibraltar Industries by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company’s stock worth $11,401,000 after buying an additional 40,656 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Gibraltar Industries by 12.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,935 shares of the construction company’s stock worth $5,100,000 after buying an additional 9,354 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Gibraltar Industries by 150.5% during the first quarter. Jane Street Group LLC now owns 102,703 shares of the construction company’s stock worth $6,025,000 after buying an additional 61,702 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

About Gibraltar Industries

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.