Aviance Capital Partners LLC Buys New Shares in Gibraltar Industries, Inc. $ROCK

Aviance Capital Partners LLC bought a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,786 shares of the construction company’s stock, valued at approximately $829,000. Aviance Capital Partners LLC owned 0.07% of Gibraltar Industries at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Gibraltar Industries by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,746 shares of the construction company’s stock worth $83,987,000 after acquiring an additional 13,444 shares during the last quarter. State Street Corp increased its position 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 worth $67,394,000 after purchasing an additional 74,427 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Gibraltar Industries by 3.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 986,324 shares of the construction company’s stock worth $48,764,000 after purchasing an additional 32,764 shares during the period. Boston Partners raised its stake in Gibraltar Industries by 3,483.6% during 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 holdings in shares of Gibraltar Industries by 694.4% in the 3rd quarter. Alliancebernstein L.P. now owns 536,668 shares of the construction company’s stock valued at $33,703,000 after purchasing an additional 469,111 shares during the last quarter. 98.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gibraltar Industries

In other Gibraltar Industries news, CEO William T. Bosway purchased 19,735 shares of Gibraltar Industries stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $37.44 per share, with a total value of $738,878.40. Following the completion of the acquisition, the chief executive officer owned 250,320 shares of the company’s stock, valued at approximately $9,371,980.80. This trade represents a 8.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph A. Lovechio acquired 1,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of $34.62 per share, for a total transaction of $34,620.00. Following the completion of the acquisition, the chief financial officer directly owned 13,390 shares in the company, valued at $463,561.80. The trade was a 8.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 22,135 shares of company stock valued at $823,380. Corporate insiders own 0.90% of the company’s stock.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK opened at $43.18 on Monday. The business’s 50-day simple moving average is $40.13 and its 200 day simple moving average is $43.93. The company has a market cap of $1.28 billion, a P/E ratio of -9.70, a PEG ratio of 0.76 and a beta of 1.21. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.87 and a current ratio of 1.41. Gibraltar Industries, Inc. has a one year low of $33.56 and a one year high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.45 earnings per share 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 company had revenue of $356.29 million during the quarter, compared to analysts’ expectations of $350.15 million. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s revenue was up 44.6% compared to the same quarter last year. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. On average, sell-side analysts forecast that Gibraltar Industries, Inc. will post 3.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.