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

Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 2.65% of Gibraltar Industries worth $47,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC increased its position in Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company's stock valued at $50,816,000 after acquiring an additional 685,462 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Gibraltar Industries by 124.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,043 shares of the construction company's stock worth $7,601,000 after acquiring an additional 71,532 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Gibraltar Industries by 39.5% during the 4th quarter. JPMorgan Chase & Co. now owns 204,466 shares of the construction company's stock valued at $12,043,000 after purchasing an additional 57,928 shares in the last quarter. State Street Corp lifted its position in Gibraltar Industries by 4.6% in the 3rd quarter. State Street Corp now owns 1,278,283 shares of the construction company's stock valued at $89,390,000 after acquiring an additional 56,008 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Gibraltar Industries by 93.8% during the 3rd quarter. Barclays PLC now owns 103,324 shares of the construction company's stock worth $7,226,000 after acquiring an additional 50,017 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 20th.

Gibraltar Industries Trading Down 7.8 %

Shares of ROCK traded down $4.63 during mid-day trading on Thursday, reaching $54.46. 76,744 shares of the stock traded hands, compared to its average volume of 201,393. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.18 and a beta of 1.20. Gibraltar Industries, Inc. has a 1 year low of $53.47 and a 1 year high of $81.90. The firm has a fifty day moving average price of $62.60 and a 200 day moving average price of $65.46.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Gibraltar Industries's revenue was down 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that Gibraltar Industries, Inc. will post 4.91 EPS for the current 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.