New York State Common Retirement Fund Acquires 13,615 Shares of GMS Inc. (NYSE:GMS)

New York State Common Retirement Fund grew its holdings in GMS Inc. (NYSE:GMS - Free Report) by 109.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,053 shares of the company's stock after purchasing an additional 13,615 shares during the period. New York State Common Retirement Fund owned about 0.07% of GMS worth $2,210,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GMS. FMR LLC raised its holdings in shares of GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company's stock valued at $383,308,000 after purchasing an additional 854,987 shares in the last quarter. Pacer Advisors Inc. acquired a new position in GMS in the 4th quarter valued at $109,277,000. Charles Schwab Investment Management Inc. raised its holdings in GMS by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company's stock worth $53,803,000 after acquiring an additional 2,674 shares during the period. Reinhart Partners LLC. boosted its holdings in GMS by 2.3% during the fourth quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock valued at $45,937,000 after acquiring an additional 12,099 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of GMS by 48.3% in the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company's stock worth $30,829,000 after purchasing an additional 110,876 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

GMS Stock 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. The business has a 50 day simple moving average of $83.29 and a 200-day simple moving average of $89.41. The stock has a market capitalization of $3.04 billion, a PE ratio of 14.41 and a beta of 1.72. GMS Inc. has a 1-year low of $77.14 and a 1-year high of $105.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $2.02 EPS 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 quarter in the previous year, the firm posted $2.30 earnings per share. GMS's quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that GMS Inc. will post 7.26 earnings per share 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.