Legal & General Group Plc Acquires Shares of 64,755 Gibraltar Industries, Inc. $ROCK

Legal & General Group Plc acquired a new position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 64,755 shares of the construction company’s stock, valued at approximately $2,920,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP increased its position in Gibraltar Industries by 46.3% in the 4th quarter. Royce & Associates LP now owns 196,730 shares of the construction company’s stock valued at $9,726,000 after acquiring an additional 62,218 shares during the period. BlackRock Inc. acquired a new stake in Gibraltar Industries during the 2nd quarter worth approximately $221,886,000. Pacer Advisors Inc. purchased a new position in shares of Gibraltar Industries in the 4th quarter valued at approximately $4,122,000. Advisors Preferred LLC purchased a new position in shares of Gibraltar Industries in the 1st quarter valued at approximately $1,519,000. Finally, Kennedy Capital Management LLC increased its holdings in shares of Gibraltar Industries by 20.1% in the fourth quarter. Kennedy Capital Management LLC now owns 250,977 shares of the construction company’s stock valued at $12,408,000 after purchasing an additional 41,991 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ROCK. Weiss Ratings restated a “sell (d)” rating on shares of Gibraltar Industries in a research report on Wednesday, August 26th. Seaport Research Partners reaffirmed a “buy” rating and issued a $55.00 target price on shares of Gibraltar Industries in a report on Tuesday, May 12th. Finally, Longbow Research began coverage on shares of Gibraltar Industries in a research note on Tuesday, July 7th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Gibraltar Industries Trading Up 3.2%

Shares of ROCK stock opened at $47.25 on Friday. The business’s fifty day moving average price is $45.53 and its 200 day moving average price is $42.49. Gibraltar Industries, Inc. has a 1-year low of $33.56 and a 1-year high of $75.08. The firm has a market capitalization of $1.40 billion, a PE ratio of -9.38, a P/E/G ratio of 0.82 and a beta of 1.23. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.46 and a quick ratio of 0.91.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, August 5th. The construction company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. The company had revenue of $509.55 million during the quarter, compared to the consensus estimate of $472.09 million. Gibraltar Industries had a positive return on equity of 11.23% and a negative net margin of 10.43%.Gibraltar Industries’s quarterly revenue was down 100.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. As a group, sell-side analysts forecast that Gibraltar Industries, Inc. will post 3.84 EPS for the current fiscal year.

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.