Gibraltar Industries (NASDAQ:ROCK) Shares Break Above Fifty Day Moving Average – Here’s What Happened

Gibraltar Industries, Inc. (NASDAQ:ROCK) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $41.50 and traded as high as $42.44. Gibraltar Industries shares last traded at $41.61, with a volume of 348,575 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROCK. Longbow Research started coverage on Gibraltar Industries in a research note on Tuesday, July 7th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gibraltar Industries in a research note on Wednesday, August 26th. One equities research 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. According to MarketBeat.com, Gibraltar Industries has an average rating of “Moderate Buy”.

Gibraltar Industries Stock Up 3.8%

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.46 and a quick ratio of 0.91. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -8.26, a PEG ratio of 0.67 and a beta of 1.24. The firm has a 50-day moving average price of $41.50 and a two-hundred day moving average price of $43.24.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.02 by $0.09. The firm had revenue of $509.55 million for the quarter, compared to analysts’ expectations of $472.09 million. Gibraltar Industries had a negative net margin of 10.43% and a positive return on equity of 11.23%. The company’s revenue for the quarter was down 100.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 3.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gibraltar Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Gibraltar Industries in the 2nd quarter valued at about $221,886,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Gibraltar Industries in the 2nd quarter valued at about $44,420,000. First Wilshire Securities Management Inc. raised its holdings in Gibraltar Industries by 287.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 499,923 shares of the construction company’s stock valued at $19,932,000 after acquiring an additional 370,985 shares during the period. Bank of New York Mellon Corp bought a new position in Gibraltar Industries in the 2nd quarter valued at about $7,650,000. Finally, Palisade Capital Management LP acquired a new stake in Gibraltar Industries during the second quarter worth approximately $7,596,000. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a Buffalo, New York-based manufacturer of products and services used in the construction, renewable energy, infrastructure and controlled-environment agriculture markets. The company serves residential and commercial builders, contractors, utilities, solar developers, growers and other industrial customers.

Its products include roofing and ventilation components, solar racking and mounting systems, greenhouse structures and related growing systems, and engineered products for infrastructure and industrial applications.