American Century Companies Inc. Has $124.74 Million Stock Position in GMS Inc. (NYSE:GMS)

American Century Companies Inc. decreased its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,470,434 shares of the company's stock after selling 131,110 shares during the period. American Century Companies Inc. owned approximately 3.79% of GMS worth $124,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GMS. Quantbot Technologies LP purchased a new position in GMS during the fourth quarter worth $1,105,000. Teacher Retirement System of Texas raised its stake in GMS by 229.3% during the fourth quarter. Teacher Retirement System of Texas now owns 50,697 shares of the company's stock valued at $4,301,000 after buying an additional 35,300 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of GMS by 77.9% in the 4th quarter. Intech Investment Management LLC now owns 29,374 shares of the company's stock valued at $2,492,000 after buying an additional 12,863 shares during the period. Cibc World Markets Corp bought a new position in shares of GMS during the fourth quarter valued at approximately $313,000. Finally, Isthmus Partners LLC increased its position in GMS by 36.2% in the fourth quarter. Isthmus Partners LLC now owns 34,194 shares of the company's stock worth $2,901,000 after buying an additional 9,083 shares during the period. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Stock Down 0.8 %

GMS traded down $0.62 during midday trading on Thursday, hitting $75.42. 259,854 shares of the company's stock traded hands, compared to its average volume of 395,663. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The company has a market cap of $2.90 billion, a PE ratio of 13.86 and a beta of 1.73. GMS Inc. has a one year low of $65.88 and a one year high of $105.54. The stock's fifty day simple moving average is $79.73 and its 200-day simple moving average is $87.45.

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GMS (NYSE:GMS - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, equities analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GMS has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Truist Financial cut their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 price target on shares of GMS in a research report on Friday, March 7th. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Finally, DA Davidson reduced their target price on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $80.50.

GMS Company Profile

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.