Gibraltar Industries, Inc. $ROCK Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 60.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 15,500 shares of the construction company’s stock after selling 23,600 shares during the period. Renaissance Technologies LLC’s holdings in Gibraltar Industries were worth $618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Gibraltar Industries by 3,483.6% in the fourth quarter. Boston Partners now owns 923,711 shares of the construction company’s stock valued at $45,993,000 after purchasing an additional 897,935 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Gibraltar Industries by 694.4% during the 3rd 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. First Wilshire Securities Management Inc. raised its position in shares of Gibraltar Industries by 287.7% during the 1st quarter. First Wilshire Securities Management Inc. now owns 499,923 shares of the construction company’s stock worth $19,932,000 after purchasing an additional 370,985 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $4,700,000. Finally, Pacer Advisors Inc. purchased a new stake in Gibraltar Industries in the 4th quarter valued at approximately $4,122,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Longbow Research began coverage on Gibraltar Industries in a research report on Tuesday, July 7th. They issued a “buy” rating on the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $55.00 price objective on shares of Gibraltar Industries in a research note on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Gibraltar Industries in a research report on Friday, May 29th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Insider Activity

In related news, CEO William T. Bosway acquired 19,735 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $37.44 per share, for a total transaction of $738,878.40. Following the acquisition, the chief executive officer directly owned 250,320 shares in the company, valued at approximately $9,371,980.80. The trade was a 8.56% increase in their position. The acquisition 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 firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 13,390 shares of the company’s stock, valued at approximately $463,561.80. The trade was a 8.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders 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 currently owned by insiders.

Gibraltar Industries Stock Performance

Gibraltar Industries stock opened at $47.88 on Monday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -9.50, a PEG ratio of 0.83 and a beta of 1.22. The stock has a fifty day moving average price of $43.94 and a 200 day moving average price of $43.14. Gibraltar Industries, Inc. has a 52 week low of $33.56 and a 52 week high of $75.08. The company has a current ratio of 1.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.37.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, August 5th. The construction company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.09. Gibraltar Industries had a positive return on equity of 11.23% and a negative net margin of 10.43%.The firm had revenue of $509.55 million for the quarter, compared to the consensus estimate of $472.09 million. During the same period in the prior year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was down 100.0% compared to the same quarter last year. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Equities research analysts anticipate that Gibraltar Industries, Inc. will post 3.84 earnings per share for the current year.

Gibraltar Industries 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.