GMS Inc. (NYSE:GMS) Short Interest Update

GMS Inc. (NYSE:GMS - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,000,000 shares, a growth of 20.5% from the February 28th total of 1,660,000 shares. Based on an average trading volume of 475,900 shares, the short-interest ratio is presently 4.2 days. Approximately 5.3% of the shares of the company are short sold.

Insider Activity at GMS

In other news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the transaction, the director now owns 31,507 shares in the company, valued at $2,314,504.22. This trade represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GMS

Several institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after buying an additional 445 shares during the period. Vise Technologies Inc. boosted its holdings in GMS by 2.3% during the 4th quarter. Vise Technologies Inc. now owns 7,090 shares of the company's stock valued at $601,000 after acquiring an additional 162 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in GMS by 24.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,380 shares of the company's stock worth $8,006,000 after acquiring an additional 18,598 shares during the last quarter. Voloridge Investment Management LLC bought a new position in GMS during the 4th quarter worth approximately $2,643,000. Finally, Sherbrooke Park Advisers LLC lifted its position in GMS by 4.0% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,536 shares of the company's stock valued at $470,000 after purchasing an additional 211 shares during the last quarter. Institutional investors own 95.28% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Loop Capital reduced their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Royal Bank of Canada lowered their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. DA Davidson reduced their price objective on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research note 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 on the stock in a research note on Friday, March 7th. Finally, Truist Financial reduced their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research 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, GMS currently has an average rating of "Hold" and an average price target of $80.50.

GMS Price Performance

GMS stock traded up $0.94 during mid-day trading on Friday, hitting $72.02. 623,284 shares of the stock were exchanged, compared to its average volume of 410,742. The business has a fifty day moving average price of $78.25 and a 200 day moving average price of $86.89. GMS has a 12 month low of $65.88 and a 12 month high of $105.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 13.24 and a beta of 1.62.

GMS (NYSE:GMS - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. On average, sell-side analysts anticipate that GMS will post 7.26 EPS for the current year.

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.