Barrow Hanley Mewhinney & Strauss LLC Sells 34,528 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 804,011 shares of the construction company’s stock after selling 34,528 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.65% of Gibraltar Industries worth $47,356,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Gibraltar Industries by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 410,781 shares of the construction company’s stock worth $28,726,000 after purchasing an additional 19,614 shares during the last quarter. Citigroup Inc. grew its stake in Gibraltar Industries by 29.5% during the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock worth $4,110,000 after buying an additional 13,392 shares during the last quarter. FMR LLC raised its stake in Gibraltar Industries by 1,663.5% in the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after buying an additional 685,462 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Gibraltar Industries by 49.6% in the 3rd quarter. Quantbot Technologies LP now owns 19,210 shares of the construction company’s stock valued at $1,343,000 after purchasing an additional 6,368 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in Gibraltar Industries by 25.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,832 shares of the construction company’s stock worth $268,000 after purchasing an additional 778 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Stock Performance

Shares of ROCK opened at $59.49 on Friday. The stock has a 50-day moving average of $62.83 and a two-hundred day moving average of $65.64. The stock has a market cap of $1.81 billion, a P/E ratio of 13.31 and a beta of 1.20. Gibraltar Industries, Inc. has a one year low of $55.31 and a one year high of $81.90.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The company had revenue of $302.06 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter in the prior year, the company earned $0.85 EPS. Gibraltar Industries’s quarterly revenue was down 8.1% on a year-over-year basis. Analysts predict that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th.

Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.