Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 804,011 shares of the construction company’s stock after selling 34,528 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Gibraltar Industries were worth $47,356,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock worth $42,000 after acquiring an additional 530 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Gibraltar Industries during the fourth quarter worth approximately $53,000. Quarry LP grew its holdings in Gibraltar Industries by 33.3% in the third quarter. Quarry LP now owns 1,318 shares of the construction company’s stock valued at $92,000 after purchasing an additional 329 shares during the period. KBC Group NV increased its position in shares of Gibraltar Industries by 50.2% in the fourth quarter. KBC Group NV now owns 1,436 shares of the construction company’s stock valued at $85,000 after buying an additional 480 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Gibraltar Industries by 106.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,806 shares of the construction company’s stock worth $126,000 after buying an additional 932 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Gibraltar Industries Stock Down 3.9 %

ROCK stock opened at $59.49 on Friday. Gibraltar Industries, Inc. has a 52 week low of $55.31 and a 52 week high of $81.90. The firm has a 50-day simple moving average of $62.83 and a 200-day simple moving average of $65.64. The stock has a market capitalization of $1.81 billion, a P/E ratio of 13.31 and a beta of 1.20.

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

Analysts Set New Price Targets

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

About Gibraltar Industries

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.