Barrow Hanley Mewhinney & Strauss LLC Has $57.88 Million Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 844,373 shares of the construction company's stock after purchasing an additional 9,764 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.77% of Gibraltar Industries worth $57,882,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Gibraltar Industries by 26.3% during the fourth quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company's stock valued at $53,000 after purchasing an additional 139 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Gibraltar Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 8,523 shares of the construction company's stock valued at $584,000 after purchasing an additional 158 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Gibraltar Industries by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company's stock worth $1,049,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Gibraltar Industries by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,637 shares of the construction company's stock worth $2,145,000 after acquiring an additional 345 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in Gibraltar Industries by 2.1% in the 1st quarter. Anchor Capital Advisors LLC now owns 17,831 shares of the construction company's stock worth $1,436,000 after acquiring an additional 364 shares in the last quarter. 98.39% of the stock is owned by hedge funds and other institutional investors.

Gibraltar Industries Price Performance

Gibraltar Industries stock traded down $2.66 during mid-day trading on Friday, hitting $71.37. The company's stock had a trading volume of 870,521 shares, compared to its average volume of 178,179. The firm's 50 day moving average is $70.02 and its 200 day moving average is $72.15. The company has a market cap of $2.18 billion, a PE ratio of 19.19 and a beta of 1.14. Gibraltar Industries, Inc. has a 52-week low of $59.66 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). The business had revenue of $353.00 million during the quarter, compared to analysts' expectations of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The firm's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. As a group, analysts forecast that Gibraltar Industries, Inc. will post 4.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 2nd.

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.