Isthmus Partners LLC Boosts Position in GMS Inc. (NYSE:GMS)

Isthmus Partners LLC boosted its position in GMS Inc. (NYSE:GMS - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,194 shares of the company's stock after buying an additional 9,083 shares during the period. Isthmus Partners LLC owned approximately 0.09% of GMS worth $2,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of GMS. AlphaQuest LLC boosted its position in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Blue Trust Inc. boosted its holdings in 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. Smartleaf Asset Management LLC grew its position in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after buying an additional 705 shares during the period. KBC Group NV increased its holdings in GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company's stock valued at $105,000 after buying an additional 281 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in GMS in the third quarter valued at $222,000. Institutional investors and hedge funds own 95.28% of the company's stock.

Analyst Upgrades and Downgrades

GMS has been the topic of a number of analyst reports. DA Davidson dropped their target price on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research 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. Royal Bank of Canada reduced their target price on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Barclays dropped their price target on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, UBS Group set a $80.00 price objective on shares of GMS in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, GMS presently has a consensus rating of "Hold" and a consensus price target of $80.50.

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GMS Price Performance

GMS stock traded down $0.17 during midday trading on Thursday, reaching $70.25. The stock had a trading volume of 418,969 shares, compared to its average volume of 395,457. GMS Inc. has a 52-week low of $65.88 and a 52-week 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. The company's fifty day simple moving average is $81.51 and its 200 day simple moving average is $88.42. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 12.91 and a beta of 1.73.

GMS (NYSE:GMS - Get Free Report) last issued its 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 business 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%. As a group, sell-side analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal 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.