Charles Schwab Investment Management Inc. Raises Stake in 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. grew its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 454,723 shares of the construction company's stock after purchasing an additional 23,308 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.54% of Gibraltar Industries worth $26,674,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ROCK. Wellington Management Group LLP grew its holdings in Gibraltar Industries by 34.7% in the fourth quarter. Wellington Management Group LLP now owns 1,541,070 shares of the construction company's stock valued at $90,769,000 after purchasing an additional 397,313 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Gibraltar Industries by 32.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 570,520 shares of the construction company's stock valued at $33,604,000 after purchasing an additional 140,784 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Gibraltar Industries by 76.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 192,098 shares of the construction company's stock valued at $11,315,000 after purchasing an additional 82,965 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Gibraltar Industries by 1,114.0% in the first quarter. Teacher Retirement System of Texas now owns 84,177 shares of the construction company's stock valued at $4,938,000 after purchasing an additional 77,243 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Gibraltar Industries by 9,467.7% in the first quarter. GAMMA Investing LLC now owns 47,456 shares of the construction company's stock valued at $2,784,000 after purchasing an additional 46,960 shares during the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Gibraltar Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Gibraltar Industries Trading Down 1.0%

NASDAQ ROCK opened at $62.29 on Thursday. The business's 50-day moving average price is $61.90 and its 200 day moving average price is $60.25. Gibraltar Industries, Inc. has a twelve month low of $48.96 and a twelve month high of $74.97. The company has a market capitalization of $1.84 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.32.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.