Schwab Charles Investment Management Inc. increased its position in shares of Gibraltar Industries Inc (NASDAQ:ROCK) by 12.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 219,629 shares of the construction company’s stock after buying an additional 23,911 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Gibraltar Industries were worth $7,435,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of ROCK. American Century Companies Inc. bought a new position in shares of Gibraltar Industries during the first quarter worth about $16,573,000. Wedge Capital Management L L P NC grew its holdings in shares of Gibraltar Industries by 198.4% during the first quarter. Wedge Capital Management L L P NC now owns 413,066 shares of the construction company’s stock worth $13,982,000 after buying an additional 274,658 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Gibraltar Industries by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 1,663,028 shares of the construction company’s stock worth $54,880,000 after buying an additional 222,569 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Gibraltar Industries by 4.4% during the fourth quarter. BlackRock Inc. now owns 4,155,757 shares of the construction company’s stock worth $137,140,000 after buying an additional 174,542 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Gibraltar Industries by 53.7% during the fourth quarter. Millennium Management LLC now owns 468,864 shares of the construction company’s stock worth $15,473,000 after buying an additional 163,762 shares in the last quarter.
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Gibraltar Industries opened at $39.85 on Wednesday, Marketbeat.com reports. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.57 and a beta of 1.85. Gibraltar Industries Inc has a twelve month low of $25.61 and a twelve month high of $40.70.
Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, May 4th. The construction company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $216.30 million during the quarter, compared to the consensus estimate of $215.63 million. Gibraltar Industries had a net margin of 6.72% and a return on equity of 11.08%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. research analysts predict that Gibraltar Industries Inc will post 2.08 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on ROCK shares. BidaskClub upgraded Gibraltar Industries from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, May 8th. Finally, ValuEngine upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Monday, May 7th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $42.00.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.
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