25,200 Shares in GMS Inc. (NYSE:GMS) Acquired by Maple Capital Management Inc.

Maple Capital Management Inc. purchased a new stake in shares of GMS Inc. (NYSE:GMS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,200 shares of the company's stock, valued at approximately $2,138,000. Maple Capital Management Inc. owned approximately 0.06% of GMS at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its holdings in shares of GMS by 4.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,497 shares of the company's stock worth $1,908,000 after purchasing an additional 858 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in GMS by 26.5% during the 4th quarter. Handelsbanken Fonder AB now owns 11,937 shares of the company's stock worth $1,013,000 after acquiring an additional 2,500 shares during the last quarter. New York State Common Retirement Fund increased its position in GMS by 109.5% in the 4th quarter. New York State Common Retirement Fund now owns 26,053 shares of the company's stock valued at $2,210,000 after acquiring an additional 13,615 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of GMS by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 220,249 shares of the company's stock worth $18,684,000 after acquiring an additional 7,001 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of GMS by 1.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 21,152 shares of the company's stock worth $1,794,000 after purchasing an additional 347 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on GMS shares. Truist Financial raised their price target on shares of GMS from $90.00 to $97.00 and gave the company a "hold" rating in a report on Monday, December 9th. Robert W. Baird dropped their target price on GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, December 6th. DA Davidson cut their price target on GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a research note on Friday, December 6th. Barclays lowered their price objective on GMS from $93.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $86.00 target price (up from $78.00) on shares of GMS in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $93.57.

GMS Stock Down 1.5 %

Shares of GMS stock traded down $1.22 during trading on Monday, reaching $78.39. The company's stock had a trading volume of 375,288 shares, compared to its average volume of 356,750. GMS Inc. has a one year low of $77.14 and a one year high of $105.54. The business has a fifty day moving average price of $83.29 and a 200-day moving average price of $89.41. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 14.41 and a beta of 1.72. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 earnings per share. Analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current year.

About GMS

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.