Dimensional Fund Advisors LP Sells 21,829 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Dimensional Fund Advisors LP lessened its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,714,653 shares of the construction company’s stock after selling 21,829 shares during the quarter. Dimensional Fund Advisors LP owned 5.63% of Gibraltar Industries worth $117,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ROCK. Quadrant Capital Group LLC increased its holdings in shares of Gibraltar Industries by 26.3% in the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after buying an additional 139 shares during the period. Arizona State Retirement System increased its stake in Gibraltar Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,523 shares of the construction company’s stock worth $584,000 after purchasing an additional 158 shares during the period. Louisiana State Employees Retirement System lifted its position in Gibraltar Industries by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,049,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Gibraltar Industries by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company’s stock valued at $2,145,000 after purchasing an additional 345 shares during the period. Finally, Anchor Capital Advisors LLC grew its holdings in shares of Gibraltar Industries by 2.1% in the first quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company’s stock worth $1,436,000 after purchasing an additional 364 shares during the last quarter. 98.39% of the stock is owned by institutional investors.

Gibraltar Industries Price Performance

NASDAQ ROCK opened at $71.37 on Monday. Gibraltar Industries, Inc. has a 1 year low of $59.66 and a 1 year high of $87.40. The stock has a market capitalization of $2.18 billion, a PE ratio of 19.19 and a beta of 1.14. The business’s 50-day moving average is $70.02 and its 200 day moving average is $72.13.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. The business had revenue of $353.00 million for the quarter, compared to analysts’ expectations of $373.60 million. During the same period last year, the firm posted $1.18 earnings per share. Gibraltar Industries’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Gibraltar Industries, Inc. will post 4.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

Gibraltar Industries Company 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.