Gibraltar Industries (NASDAQ:ROCK) Shares Gap Up After Strong Earnings

Gibraltar Industries, Inc. (NASDAQ:ROCK)’s share price gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $48.06, but opened at $51.98. Gibraltar Industries shares last traded at $54.51, with a volume of 98,061 shares trading hands.

The construction company reported $1.11 earnings per share (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 the consensus estimate of $472.09 million. Gibraltar Industries had a positive return on equity of 10.86% and a negative net margin of 10.68%.The business’s revenue for the quarter was down 100.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ROCK. Seaport Research Partners reiterated a “buy” rating and issued a $55.00 price target on shares of Gibraltar Industries in a report on Tuesday, May 12th. Zacks Research raised Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gibraltar Industries in a research note on Friday, May 29th. Finally, Longbow Research started coverage on shares of Gibraltar Industries in a research report on Tuesday, July 7th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Insider Activity

In related news, VP Katherine Bolanowski acquired 1,400 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $35.63 per share, for a total transaction of $49,882.00. Following the completion of the acquisition, the vice president owned 17,389 shares of the company’s stock, valued at $619,570.07. This trade represents a 8.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Joseph A. Lovechio bought 1,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $34.62 per share, for a total transaction of $34,620.00. Following the purchase, the chief financial officer directly owned 13,390 shares of the company’s stock, valued at approximately $463,561.80. This trade represents a 8.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 22,135 shares of company stock valued at $823,380 in the last 90 days. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gibraltar Industries

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Gibraltar Industries by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,705,997 shares of the construction company’s stock valued at $68,018,000 after acquiring an additional 7,251 shares during the period. State Street Corp grew its holdings in Gibraltar Industries by 5.8% during the fourth quarter. State Street Corp now owns 1,363,153 shares of the construction company’s stock valued at $67,394,000 after purchasing an additional 74,427 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Gibraltar Industries by 3.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 986,324 shares of the construction company’s stock valued at $48,764,000 after purchasing an additional 32,764 shares in the last quarter. Boston Partners raised its holdings in Gibraltar Industries by 3,483.6% in the fourth quarter. Boston Partners now owns 923,711 shares of the construction company’s stock worth $45,993,000 after purchasing an additional 897,935 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Gibraltar Industries by 694.4% during the third quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock worth $33,703,000 after purchasing an additional 469,111 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Stock Up 14.8%

The company has a market cap of $1.64 billion, a price-to-earnings ratio of -12.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 1.39. The firm’s fifty day moving average price is $42.05 and its 200-day moving average price is $43.34.

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.