Charles Schwab Investment Management Decreases Stake in Gibraltar Industries,
December 5, 2023
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Charles Schwab Investment Management Inc. recently announced that it has decreased its ownership stake in Gibraltar Industries ($NASDAQ:ROCK), Inc. (NASDAQ: ROCK), a leading manufacturer and distributor of building products for residential, industrial, and infrastructure construction markets in North America. The company’s products are used for various applications including metal roofing and siding, caulk and sealants, rain carrying systems, ventilation products, and solar mounting systems. Gibraltar Industries, Inc., which is headquartered in Buffalo, New York, specializes in metal products for residential, commercial, and infrastructure construction markets. It offers a wide range of products to meet the needs of architects, contractors, developers, and homebuilders.
The company also provides value-added services such as product design and engineering, precision roll forming, on-site technical assistance, installation support, and delivery of custom-made products. Gibraltar Industries is focused on innovation and sustainability, producing products with low environmental impact to help build a greener future.
Price History
On Monday, GIBRALTAR INDUSTRIES, Inc. saw a slight increase in its stock price. Charles Schwab Investment Management Inc. had recently announced that it had reduced its stake in the company, leading some investors to speculate that it was selling off its shares. Despite this, the stock opened at $69.1 and closed at $70.8, representing a 1.7% increase from the previous day’s closing price of $69.6. Overall, GIBRALTAR INDUSTRIES stock has been steadily increasing since the beginning of the year and the company is expected to continue to perform well, despite any changes in ownership or management. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gibraltar Industries. More…
| Total Revenues | Net Income | Net Margin |
| 1.36k | 94.45 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gibraltar Industries. More…
| Operations | Investing | Financing |
| 270.79 | -22.2 | -184.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gibraltar Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.29k | 398.2 | 29.25 |
Key Ratios Snapshot
Some of the financial key ratios for Gibraltar Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.7% | 9.2% | 9.9% |
| FCF Margin | ROE | ROA |
| 19.0% | 9.7% | 6.6% |
Analysis
GoodWhale has conducted an analysis of GIBRALTAR INDUSTRIES‘ financials and from our Star Chart, we have concluded that GIBRALTAR INDUSTRIES has a high health score of 10/10 with regard to its cashflows and debt, indicating that the company is capable of paying off debt and funding future operations. Additionally, GIBRALTAR INDUSTRIES has been classified as a ‘rhino’ company which we have determined has achieved moderate revenue or earnings growth. Given these factors, GIBRALTAR INDUSTRIES may be well-suited for long-term value-oriented investors that appreciate assets, profitability and moderate growth. Dividend investors, however, may want to look elsewhere as GIBRALTAR INDUSTRIES is weak in this aspect. More…
Peers
Gibraltar Industries Inc produces a wide range of products for the construction and industrial markets. Its competitors are Genuit Group PLC, BBR Holdings (S) Ltd, and Innotec Tss AG. All four companies manufacture products that are used in the construction and industrial markets.
– Genuit Group PLC ($LSE:GEN)
Genuit Group PLC is a provider of outsourced business solutions. The company has a market cap of 652.83M as of 2022 and a ROE of 6.61%. The company offers a range of services including customer relationship management, finance and accounting, human resources, and IT.
– BBR Holdings (S) Ltd ($SGX:KJ5)
BBR Holdings (S) Ltd is a Singapore-based company that is engaged in the business of providing marine transportation and related services. The Company operates a fleet of tankers and barges. It offers services such as crude oil transportation, product transportation, and storage and other ancillary services. The Company’s subsidiaries include BBR Resources Pte. Ltd., which is engaged in the business of crude oil and product transportation; and BBR Terminals Pte. Ltd., which is engaged in the business of providing marine transportation and related services.
– Innotec Tss AG ($LTS:0NL8)
Innotec Tss AG is a publicly traded company with a market capitalization of 79.43 million as of 2022. The company has a return on equity of 11.08%. Innotec Tss AG is engaged in the business of providing engineering and consulting services. The company was founded in Switzerland and has offices in Zurich, Switzerland and Berlin, Germany.
Summary
Gibraltar Industries, Inc. (NYSE:ROCK) experienced a notable decrease in its share price recently after Charles Schwab Investment Management Inc. decreased its holdings of the company’s stock. Despite this, the company currently carries an average rating of “Buy” from the six ratings firms that are covering the stock, according to analysts. Gibraltar Industries’ strong financial health has been supported by strong cash flow, low debt levels and improved profit margins over the past year.
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