Gibraltar Industries (NASDAQ:ROCK) Reaches New 12-Month Low – Here’s Why

Gibraltar Industries, Inc. (NASDAQ:ROCK) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $37.61 and last traded at $38.0680, with a volume of 15039 shares traded. The stock had previously closed at $38.29.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ROCK shares. CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Gibraltar Industries presently has a consensus rating of “Hold”.

Gibraltar Industries Stock Performance

The stock has a market capitalization of $1.20 billion, a P/E ratio of -27.02, a PEG ratio of 0.69 and a beta of 1.35. The business has a 50-day moving average price of $45.82 and a 200 day moving average price of $52.77.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Gibraltar Industries had a negative net margin of 3.76% and a positive return on equity of 12.05%. The company had revenue of $268.69 million during the quarter, compared to analyst estimates of $265.13 million. During the same period in the previous year, the business earned $1.01 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, research analysts forecast that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James S. Metcalf acquired 12,444 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $40.35 per share, for a total transaction of $502,115.40. Following the acquisition, the director directly owned 15,500 shares in the company, valued at approximately $625,425. The trade was a 407.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William T. Bosway acquired 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was 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 in the company, valued at $8,733,374.65. The trade was a 2.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 19,444 shares of company stock valued at $775,070. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gibraltar Industries

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

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.