Charles Schwab Investment Management Inc. Acquires 23,308 Shares of Gibraltar Industries, Inc. $ROCK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Gibraltar Industries, Inc. by 5.4%, now owning approximately 1.54% of the company valued at $26.67 million.
• Notably, the Teacher Retirement System of Texas significantly raised its holdings by 1,114% in the first quarter, owning shares valued at $4.94 million.
• Gibraltar Industries recently reported $1.13 earnings per share, missing analysts' expectations, with revenue for the quarter at $309.50 million against expected $381.40 million.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,723 shares of the construction company's stock after buying an additional 23,308 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.54% of Gibraltar Industries worth $26,674,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ROCK. Sterling Capital Management LLC lifted its stake in shares of Gibraltar Industries by 645.1% during the 4th quarter. Sterling Capital Management LLC now owns 529 shares of the construction company's stock valued at $31,000 after buying an additional 458 shares in the last quarter. GAMMA Investing LLC lifted its stake in Gibraltar Industries by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 809 shares of the construction company's stock worth $47,000 after purchasing an additional 313 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Gibraltar Industries by 29.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,150 shares of the construction company's stock worth $67,000 after purchasing an additional 261 shares in the last quarter. Quarry LP lifted its stake in Gibraltar Industries by 41.5% in the 4th quarter. Quarry LP now owns 1,865 shares of the construction company's stock worth $110,000 after purchasing an additional 547 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Gibraltar Industries in the 4th quarter worth approximately $111,000. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Trading Down 0.6%

Shares of NASDAQ:ROCK traded down $0.37 during trading on Tuesday, reaching $64.47. The company had a trading volume of 138,169 shares, compared to its average volume of 268,606. The company has a fifty day moving average of $62.39 and a two-hundred day moving average of $60.38. The stock has a market capitalization of $1.90 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. Gibraltar Industries, Inc. has a 12 month low of $48.96 and a 12 month high of $74.97.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.03). The company had revenue of $309.50 million during the quarter, compared to the consensus estimate of $381.40 million. Gibraltar Industries had a return on equity of 12.91% and a net margin of 10.08%.Gibraltar Industries's quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. As a group, equities research analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Gibraltar Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

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.