Charles Schwab Investment Management Inc. Buys 20,634 Shares of Gibraltar Industries, Inc. (NASDAQ:ROCK)

Charles Schwab Investment Management Inc. increased its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 431,415 shares of the construction company’s stock after acquiring an additional 20,634 shares during the period. Charles Schwab Investment Management Inc. owned about 1.42% of Gibraltar Industries worth $25,410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in Gibraltar Industries by 296.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company’s stock valued at $42,000 after buying an additional 530 shares during the period. Atticus Wealth Management LLC bought a new stake in Gibraltar Industries in the fourth quarter valued at approximately $53,000. KBC Group NV raised its stake in 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 during the period. Quarry LP raised its stake 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 buying an additional 329 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Gibraltar Industries in the fourth quarter valued at approximately $117,000. Institutional investors own 98.39% of the company’s stock.

Analysts Set New Price Targets

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

Gibraltar Industries Trading Down 1.0 %

Gibraltar Industries stock opened at $65.39 on Wednesday. Gibraltar Industries, Inc. has a 12 month low of $55.31 and a 12 month high of $81.90. The stock’s 50 day moving average is $62.37 and its 200-day moving average is $65.85. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.63 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. 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 business earned $0.85 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, equities research analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

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.