Peregrine Capital Management LLC Trims Stock Holdings in GMS Inc. (NYSE:GMS)

Peregrine Capital Management LLC trimmed its holdings in GMS Inc. (NYSE:GMS - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,630 shares of the company's stock after selling 3,587 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.25% of GMS worth $8,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 285 shares during the last quarter. KBC Group NV grew its position in GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company's stock valued at $105,000 after buying an additional 281 shares during the last quarter. Stifel Financial Corp acquired a new position in GMS in the 3rd quarter valued at $222,000. Choreo LLC raised its position in GMS by 12.1% during the 4th quarter. Choreo LLC now owns 2,668 shares of the company's stock worth $227,000 after buying an additional 288 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of GMS in the 3rd quarter worth $232,000. Hedge funds and other institutional investors own 95.28% of the company's stock.

GMS Price Performance

NYSE GMS traded down $3.37 during mid-day trading on Friday, hitting $78.15. The stock had a trading volume of 398,174 shares, compared to its average volume of 304,110. The company has a 50 day simple moving average of $84.08 and a 200 day simple moving average of $89.70. 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 company has a market cap of $3.03 billion, a price-to-earnings ratio of 14.37 and a beta of 1.72. GMS Inc. has a 52-week low of $77.29 and a 52-week high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.46 billion. During the same quarter in the prior year, the business earned $2.30 EPS. The company's quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that GMS Inc. will post 7.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GMS shares. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a research note on Monday, November 25th. Barclays cut their target price 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. Truist Financial lifted their price target on GMS from $90.00 to $97.00 and gave the company a "hold" rating in a research note on Monday, December 9th. DA Davidson cut their price objective on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $93.57.

About GMS

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.