Schwab Charles Investment Management Inc. Has $5.09 Million Position in Gibraltar Industries Inc (ROCK)

Schwab Charles Investment Management Inc. boosted its stake in Gibraltar Industries Inc (NASDAQ:ROCK) by 6.5% during the 3rd quarter, Holdings Channel reports. The fund owned 163,250 shares of the construction company’s stock after acquiring an additional 9,988 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Gibraltar Industries were worth $5,086,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of Gibraltar Industries by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 68,566 shares of the construction company’s stock worth $2,444,000 after buying an additional 2,182 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Gibraltar Industries by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 59,258 shares of the construction company’s stock worth $2,112,000 after buying an additional 4,925 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Gibraltar Industries by 68.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,475 shares of the construction company’s stock worth $373,000 after buying an additional 4,252 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gibraltar Industries by 4.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 277,115 shares of the construction company’s stock worth $9,880,000 after buying an additional 11,931 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Gibraltar Industries during the 2nd quarter worth approximately $384,000.

Gibraltar Industries Inc (NASDAQ ROCK) opened at $35.05 on Wednesday. The stock has a market capitalization of $1,100.00, a P/E ratio of 37.69 and a beta of 1.78. Gibraltar Industries Inc has a twelve month low of $25.61 and a twelve month high of $45.05. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The firm had revenue of $274.57 million for the quarter, compared to analysts’ expectations of $275.80 million. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. sell-side analysts anticipate that Gibraltar Industries Inc will post 1.64 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on ROCK shares. KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Gibraltar Industries in a report on Friday, November 17th. BidaskClub cut Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Friday, December 15th. TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Gibraltar Industries currently has a consensus rating of “Buy” and a consensus price target of $42.00.

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Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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Institutional Ownership by Quarter for Gibraltar Industries (NASDAQ:ROCK)

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