Barrow Hanley Mewhinney & Strauss LLC Cuts Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 owned about 2.65% of Gibraltar Industries worth $47,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Gibraltar Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,990,179 shares of the construction company's stock valued at $176,122,000 after buying an additional 15,201 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Gibraltar Industries by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,663,416 shares of the construction company's stock valued at $97,975,000 after purchasing an additional 23,358 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Gibraltar Industries by 34.7% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Gibraltar Industries by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 854,821 shares of the construction company's stock valued at $50,359,000 after purchasing an additional 15,889 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of 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 worth $33,604,000 after purchasing an additional 140,784 shares in the last quarter. 98.39% of the stock is currently owned by hedge funds and other institutional investors.

Gibraltar Industries Stock Performance

Shares of Gibraltar Industries stock traded down $0.42 during trading hours on Friday, hitting $59.08. The company's stock had a trading volume of 296,266 shares, compared to its average volume of 229,154. Gibraltar Industries, Inc. has a 12-month low of $48.96 and a 12-month high of $81.90. The business has a 50 day moving average price of $56.98 and a two-hundred day moving average price of $61.83. The company has a market cap of $1.74 billion, a PE ratio of 13.22 and a beta of 1.30.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. The company had revenue of $290.02 million for the quarter, compared to analysts' expectations of $296.77 million. During the same period in the previous year, the firm earned $0.80 EPS. The firm's revenue was down .9% compared to the same quarter last year. As a group, research analysts anticipate that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director James B. Nish sold 1,172 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $58.21, for a total value of $68,222.12. Following the completion of the transaction, the director now directly owns 11,976 shares of the company's stock, valued at approximately $697,122.96. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

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.