3,694 Shares in GMS Inc. (NYSE:GMS) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in GMS Inc. (NYSE:GMS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,694 shares of the company's stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swiss National Bank increased its holdings in GMS by 3.9% during the 3rd quarter. Swiss National Bank now owns 77,400 shares of the company's stock worth $7,010,000 after purchasing an additional 2,900 shares during the period. Intech Investment Management LLC grew 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 acquiring an additional 9,876 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of GMS by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 105,882 shares of the company's stock valued at $9,590,000 after purchasing an additional 1,534 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of GMS by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company's stock valued at $53,803,000 after purchasing an additional 2,674 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of GMS by 61.8% during the third quarter. Citigroup Inc. now owns 49,733 shares of the company's stock worth $4,504,000 after purchasing an additional 18,998 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Stock Performance

NYSE:GMS traded down $1.49 during trading hours on Friday, reaching $73.80. 240,139 shares of the company's stock were exchanged, compared to its average volume of 410,519. 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 $2.83 billion, a price-to-earnings ratio of 13.57 and a beta of 1.73. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54. The company has a 50-day moving average of $79.59 and a 200 day moving average of $87.37.

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

Wall Street Analyst Weigh In

GMS has been the subject of a number of recent analyst 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 report on Friday, March 7th. UBS Group set a $80.00 price target on GMS in a report on Friday, March 7th. Truist Financial cut their price objective 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. Robert W. Baird lowered their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Finally, Barclays cut their price target on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $80.50.

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.