Bridges Investment Management Inc. Grows Position in GMS Inc. (NYSE:GMS)

Bridges Investment Management Inc. raised its position in GMS Inc. (NYSE:GMS - Free Report) by 57.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,767 shares of the company's stock after buying an additional 3,940 shares during the quarter. Bridges Investment Management Inc.'s holdings in GMS were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of GMS. Blue Trust Inc. grew its position in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after buying an additional 285 shares during the last quarter. KBC Group NV increased its stake in shares of GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company's stock worth $105,000 after acquiring an additional 281 shares during the period. Stifel Financial Corp purchased a new position in GMS during the third quarter worth about $222,000. Choreo LLC lifted its position in GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company's stock valued at $227,000 after purchasing an additional 288 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of GMS in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 95.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GMS shares. DA Davidson reduced their target price on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Friday, December 6th. Truist Financial upped their target price on shares of GMS from $90.00 to $97.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Robert W. Baird reduced their price target on shares of GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, December 6th. Loop Capital upped their price target on GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a report on Monday, November 25th. Finally, Barclays dropped their price objective on GMS from $93.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, GMS currently has a consensus rating of "Hold" and an average price target of $93.57.

GMS Price Performance

GMS stock traded down $1.22 during mid-day trading on Monday, hitting $78.39. 375,288 shares of the company were exchanged, compared to its average volume of 356,750. GMS Inc. has a 12-month low of $77.14 and a 12-month high of $105.54. The company has a market capitalization of $3.04 billion, a P/E ratio of 14.41 and a beta of 1.72. The business's 50 day simple moving average is $83.29 and its two-hundred day simple moving average is $89.41. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

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

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.