Principal Financial Group Inc. Has $7.42 Million Stock Position in Gibraltar Industries, Inc. $ROCK

Principal Financial Group Inc. increased its stake in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,012 shares of the construction company’s stock after acquiring an additional 14,346 shares during the quarter. Principal Financial Group Inc.’s holdings in Gibraltar Industries were worth $7,416,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Gibraltar Industries by 13,638.8% during the first quarter. Fifth Third Bancorp now owns 27,615 shares of the construction company’s stock worth $1,101,000 after purchasing an additional 27,414 shares during the period. Hudson Edge Investment Partners Inc. grew its position in Gibraltar Industries by 23.4% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 21,691 shares of the construction company’s stock valued at $865,000 after purchasing an additional 4,111 shares during the period. Inspire Investing LLC grew its position in Gibraltar Industries by 36.8% in the 1st quarter. Inspire Investing LLC now owns 12,962 shares of the construction company’s stock valued at $517,000 after purchasing an additional 3,490 shares during the period. Pictet Asset Management Holding SA increased its stake in Gibraltar Industries by 20.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,958 shares of the construction company’s stock valued at $238,000 after purchasing an additional 998 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Gibraltar Industries during the 1st quarter valued at $522,000. 98.39% of the stock is owned by institutional investors and hedge funds.

Gibraltar Industries Price Performance

ROCK opened at $45.19 on Monday. Gibraltar Industries, Inc. has a fifty-two week low of $33.56 and a fifty-two week high of $75.08. The firm has a market capitalization of $1.34 billion, a P/E ratio of -10.16, a PEG ratio of 0.79 and a beta of 1.21. The company’s 50-day moving average is $40.79 and its 200 day moving average is $43.73. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.41 and a quick ratio of 0.87.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Gibraltar Industries had a positive return on equity of 10.86% and a negative net margin of 10.68%.The firm had revenue of $356.29 million during the quarter, compared to the consensus estimate of $350.15 million. During the same period in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Research analysts expect that Gibraltar Industries, Inc. will post 3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Seaport Research Partners reiterated a “buy” rating and set a $55.00 price target on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Longbow Research started coverage on Gibraltar Industries in a report on Tuesday, July 7th. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Gibraltar Industries in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gibraltar Industries currently has a consensus rating of “Moderate Buy”.

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, CFO Joseph A. Lovechio acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of $34.62 per share, with a total value of $34,620.00. Following the completion of the transaction, the chief financial officer owned 13,390 shares in the company, valued at approximately $463,561.80. This trade represents a 8.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Katherine Bolanowski acquired 1,400 shares of Gibraltar Industries stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $35.63 per share, with a total value of $49,882.00. Following the purchase, the vice president directly owned 17,389 shares in the company, valued at approximately $619,570.07. This trade represents a 8.76% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 22,135 shares of company stock valued at $823,380. 0.90% of the stock is owned by insiders.

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.