Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,990,179 shares of the construction company's stock after purchasing an additional 15,201 shares during the period. Vanguard Group Inc. owned 9.86% of Gibraltar Industries worth $176,122,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its position in Gibraltar Industries by 4.6% during the third 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 during the period. Geode Capital Management LLC lifted its stake in shares of Gibraltar Industries by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 838,932 shares of the construction company's stock valued at $58,676,000 after purchasing an additional 32,950 shares in the last quarter. FMR LLC grew its holdings in shares of Gibraltar Industries by 1,663.5% during 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Gibraltar Industries by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,415 shares of the construction company's stock worth $25,410,000 after purchasing an additional 20,634 shares during the period. Finally, Swedbank AB increased its position in Gibraltar Industries by 3.4% during the 4th quarter. Swedbank AB now owns 276,227 shares of the construction company's stock worth $16,270,000 after purchasing an additional 9,151 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company's stock.

Analysts Set New Price Targets

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

Gibraltar Industries Price Performance

Gibraltar Industries stock traded up $0.74 during midday trading on Friday, hitting $54.23. 240,760 shares of the company were exchanged, compared to its average volume of 209,751. The company's fifty day moving average price is $61.18 and its 200-day moving average price is $64.40. Gibraltar Industries, Inc. has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The company has a market cap of $1.61 billion, a PE ratio of 12.13 and a beta of 1.22.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings results 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 business had revenue of $302.06 million for the quarter, compared to analysts' expectations of $307.93 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company's revenue was down 8.1% compared to the same quarter last year. On average, analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal 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.