Charles Schwab Investment Management Inc. Has $51.72 Million Stock Holdings in GMS Inc. (NYSE:GMS)

Charles Schwab Investment Management Inc. lifted its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 609,715 shares of the company's stock after purchasing an additional 15,664 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.57% of GMS worth $51,722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC raised its holdings in GMS by 148.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,511 shares of the company's stock worth $1,495,000 after purchasing an additional 9,876 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of GMS by 6.4% during the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock worth $9,197,000 after buying an additional 6,136 shares during the last quarter. Barclays PLC lifted its holdings in GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after buying an additional 55,690 shares during the period. Smartleaf Asset Management LLC boosted its stake in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after acquiring an additional 705 shares during the last quarter. Finally, Vestcor Inc grew its holdings in GMS by 71.5% during the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company's stock worth $1,298,000 after acquiring an additional 5,972 shares during the period. Institutional investors and hedge funds own 95.28% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

GMS has been the topic of a number of analyst reports. Barclays cut their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. DA Davidson cut their target price on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada lowered 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. Loop Capital cut their price target on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Finally, UBS Group set a $80.00 price objective on shares of GMS in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $80.50.

GMS Stock Up 1.2 %

Shares of GMS traded up $0.85 on Monday, hitting $73.17. The company's stock had a trading volume of 441,583 shares, compared to its average volume of 389,917. The firm's fifty day moving average price is $81.00 and its 200-day moving average price is $88.08. GMS Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 13.45 and a beta of 1.73.

GMS (NYSE:GMS - Get Free Report) last released its quarterly 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. On average, equities research analysts expect that GMS Inc. will post 7.26 EPS for the current year.

GMS 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.