Charles Schwab Investment Management Inc. Grows Stock Position in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Charles Schwab Investment Management Inc. grew its holdings in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 431,415 shares of the construction company's stock after buying an additional 20,634 shares during the period. Charles Schwab Investment Management Inc. owned 1.42% of Gibraltar Industries worth $25,410,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ROCK. FMR LLC boosted its stake in Gibraltar Industries by 1,663.5% in the 3rd quarter. FMR LLC now owns 726,667 shares of the construction company's stock worth $50,816,000 after purchasing an additional 685,462 shares in the last quarter. Geode Capital Management LLC boosted its stake in Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock worth $58,676,000 after purchasing an additional 32,950 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Gibraltar Industries in the 3rd quarter worth about $792,000. Citigroup Inc. boosted its stake in Gibraltar Industries by 29.5% in the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company's stock worth $4,110,000 after purchasing an additional 13,392 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Gibraltar Industries by 8.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,874 shares of the construction company's stock worth $401,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 98.39% of the company's stock.

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Gibraltar Industries Trading Down 5.1 %

NASDAQ:ROCK traded down $3.25 during mid-day trading on Friday, reaching $60.89. The company's stock had a trading volume of 1,243,925 shares, compared to its average volume of 186,455. Gibraltar Industries, Inc. has a 12-month low of $55.31 and a 12-month high of $81.90. The firm's fifty day moving average price is $62.71 and its two-hundred day moving average price is $65.78. The stock has a market cap of $1.85 billion, a P/E ratio of 13.62 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share 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 business had revenue of $302.06 million during the quarter, compared to the consensus estimate of $307.93 million. During the same period in the prior year, the company posted $0.85 EPS. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts predict that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.