JPMorgan Chase & Co. Decreases Stake in Gibraltar Industries, Inc. $ROCK

JPMorgan Chase & Co. trimmed its position in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 25.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,341 shares of the construction company’s stock after selling 45,093 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of Gibraltar Industries worth $8,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Gibraltar Industries during the third quarter valued at approximately $634,000. Clayton Partners LLC bought a new position in Gibraltar Industries in the third quarter worth about $4,182,000. Citigroup Inc. grew its holdings in shares of Gibraltar Industries by 28.3% during the 3rd quarter. Citigroup Inc. now owns 70,531 shares of the construction company’s stock worth $4,429,000 after acquiring an additional 15,555 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Gibraltar Industries by 294.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 73,524 shares of the construction company’s stock valued at $4,617,000 after purchasing an additional 54,895 shares during the period. Finally, Teton Advisors LLC purchased a new stake in Gibraltar Industries in the third quarter worth $3,423,000. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK opened at $40.39 on Monday. The business has a 50-day simple moving average of $47.86 and a two-hundred day simple moving average of $53.93. Gibraltar Industries, Inc. has a fifty-two week low of $37.79 and a fifty-two week high of $75.08. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -26.93, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34.

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

Analyst Ratings Changes

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

Insider Transactions at Gibraltar Industries

In other Gibraltar Industries news, CEO William T. Bosway acquired 4,500 shares of the stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $38.29 per share, for a total transaction of $172,305.00. Following the purchase, the chief executive officer directly owned 228,085 shares of the company’s stock, valued at approximately $8,733,374.65. This trade represents a 2.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 acquired at an average cost of $40.35 per share, for a total transaction of $502,115.40. Following the acquisition, the director owned 15,500 shares of the company’s stock, valued at $625,425. The trade was a 407.20% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 19,444 shares of company stock worth $775,070. 0.50% of the stock is owned by corporate insiders.

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.