Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 844,373 shares of the construction company’s stock after acquiring an additional 9,764 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Gibraltar Industries were worth $57,882,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROCK. Swedbank AB acquired a new stake in shares of Gibraltar Industries in the 1st quarter valued at $17,016,000. Pacer Advisors Inc. raised its holdings in shares of Gibraltar Industries by 14.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,084,170 shares of the construction company’s stock valued at $74,320,000 after purchasing an additional 138,194 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Gibraltar Industries in the 1st quarter valued at $5,845,000. Vanguard Group Inc. raised its holdings in shares of Gibraltar Industries by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 2,888,642 shares of the construction company’s stock valued at $232,622,000 after purchasing an additional 68,728 shares in the last quarter. Finally, NBW Capital LLC acquired a new stake in shares of Gibraltar Industries in the 1st quarter valued at $2,106,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.
Gibraltar Industries Trading Down 3.6 %
Shares of ROCK opened at $71.37 on Friday. Gibraltar Industries, Inc. has a twelve month low of $59.66 and a twelve month high of $87.40. The firm’s fifty day simple moving average is $70.02 and its 200-day simple moving average is $72.15. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.19 and a beta of 1.14.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.
View Our Latest Research Report on ROCK
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.
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