Intech Investment Management LLC Has $2.49 Million Stake in GMS Inc. (NYSE:GMS)

Intech Investment Management LLC grew its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 77.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,374 shares of the company's stock after purchasing an additional 12,863 shares during the period. Intech Investment Management LLC owned about 0.08% of GMS worth $2,492,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GMS. FMR LLC grew its position in GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company's stock worth $383,308,000 after buying an additional 854,987 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of GMS during the 4th quarter valued at $109,277,000. Charles Schwab Investment Management Inc. grew its holdings in shares of GMS by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock worth $51,722,000 after purchasing an additional 15,664 shares in the last quarter. Reinhart Partners LLC. increased its position in shares of GMS by 2.3% in the fourth quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock worth $45,937,000 after purchasing an additional 12,099 shares during the period. Finally, Verition Fund Management LLC raised its stake in GMS by 48.3% in the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company's stock valued at $30,829,000 after purchasing an additional 110,876 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

GMS Price Performance

Shares of GMS traded up $0.01 during trading hours on Tuesday, reaching $75.39. The stock had a trading volume of 369,132 shares, compared to its average volume of 395,451. 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 12 month low of $65.88 and a 12 month high of $105.54. The stock has a market capitalization of $2.89 billion, a PE ratio of 13.86 and a beta of 1.73. The company's 50-day moving average is $80.01 and its two-hundred day moving average is $87.59.

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GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results 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 for 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%. Research analysts expect that GMS Inc. will post 7.26 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GMS. Royal Bank of Canada reduced 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 note on Friday, March 7th. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. DA Davidson cut their target price on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Truist Financial reduced their target price on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, Barclays dropped their price objective on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.