- Bank of America Corp DE significantly increased its holdings in Gerdau S.A. during the first quarter, owning 13,222,623 shares valued at $47,734,000.
- Gerdau S.A. reported quarterly earnings of $0.15 per share with $3.45 billion in revenue and announced a quarterly dividend increase to $0.0448 per share.
- Wall Street analysts currently assign Gerdau a consensus rating of Moderate Buy with an average target price of $5.28.