Principal Financial Group Inc. Has $7.42 Million Holdings in Gibraltar Industries, Inc. $ROCK

Principal Financial Group Inc. lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 8.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,012 shares of the construction company’s stock after purchasing an additional 14,346 shares during the quarter. Principal Financial Group Inc. owned 0.63% of Gibraltar Industries worth $7,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROCK. Royal Bank of Canada grew its position in Gibraltar Industries by 7.3% during the first quarter. Royal Bank of Canada now owns 12,879 shares of the construction company’s stock worth $756,000 after buying an additional 875 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Gibraltar Industries during the 1st quarter valued at $248,000. Goldman Sachs Group Inc. increased its position in shares of Gibraltar Industries by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,359 shares of the construction company’s stock worth $11,401,000 after purchasing an additional 40,656 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gibraltar Industries by 12.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,935 shares of the construction company’s stock valued at $5,100,000 after purchasing an additional 9,354 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Gibraltar Industries by 150.5% in the first quarter. Jane Street Group LLC now owns 102,703 shares of the construction company’s stock valued at $6,025,000 after purchasing an additional 61,702 shares in the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

Gibraltar Industries Price Performance

Shares of NASDAQ:ROCK opened at $45.19 on Monday. Gibraltar Industries, Inc. has a one year low of $33.56 and a one year high of $75.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.41 and a quick ratio of 0.87. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -10.16, a PEG ratio of 0.79 and a beta of 1.21. The firm has a 50 day simple moving average of $40.79 and a 200 day simple moving average of $43.73.

Gibraltar Industries (NASDAQ:ROCK) last posted its 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 for the quarter, compared to the consensus estimate of $350.15 million. During the same period in the previous year, the firm posted $0.95 EPS. The business’s quarterly 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. Research analysts predict that Gibraltar Industries, Inc. will post 3.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Gibraltar Industries news, CFO Joseph A. Lovechio purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $34.62 per share, with a total value of $34,620.00. Following the completion of the purchase, the chief financial officer owned 13,390 shares of the company’s stock, valued at approximately $463,561.80. The trade was a 8.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William T. Bosway bought 19,735 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $37.44 per share, for a total transaction of $738,878.40. Following the completion of the acquisition, the chief executive officer directly owned 250,320 shares in the company, valued at approximately $9,371,980.80. This trade represents a 8.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 22,135 shares of company stock valued at $823,380 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

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.