Fox Run Management L.L.C. bought a new position in shares of GMS Inc. (NYSE:GMS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,179 shares of the company's stock, valued at approximately $355,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its holdings in GMS by 2.9% in the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock valued at $400,000 after purchasing an additional 134 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of GMS by 7.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock valued at $249,000 after buying an additional 211 shares during the period. Blue Trust Inc. grew its position in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after buying an additional 285 shares in the last quarter. Choreo LLC increased its stake in shares of GMS by 12.1% during the fourth quarter. Choreo LLC now owns 2,668 shares of the company's stock worth $227,000 after buying an additional 288 shares during the period. Finally, AlphaQuest LLC raised its holdings in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.
GMS Stock Performance
GMS traded down $1.49 during trading on Friday, hitting $73.80. The stock had a trading volume of 240,139 shares, compared to its average volume of 410,114. The firm has a market capitalization of $2.83 billion, a P/E ratio of 13.57 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS Inc. has a twelve month low of $65.88 and a twelve month high of $105.54. The company's 50-day moving average price is $79.38 and its 200 day moving average price is $87.37.
GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, equities research analysts forecast that GMS Inc. will post 7.26 EPS for the current fiscal year.
Analyst Ratings Changes
GMS has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. DA Davidson decreased their price target on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Truist Financial dropped their price objective on 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 decreased their target price on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Finally, Loop Capital dropped their price target on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, GMS presently has a consensus rating of "Hold" and a consensus target price of $80.50.
Check Out Our Latest Stock Report on GMS
GMS Company Profile
(
Free Report)
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.
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