Leuthold Group LLC Sells 4,563 Shares of GMS Inc. (NYSE:GMS)

Leuthold Group LLC trimmed its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,345 shares of the company's stock after selling 4,563 shares during the period. Leuthold Group LLC owned 0.08% of GMS worth $2,574,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after acquiring an additional 285 shares during the last quarter. KBC Group NV raised its stake in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company's stock worth $105,000 after acquiring an additional 281 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of GMS during the third quarter worth approximately $222,000. Choreo LLC grew its stake in shares of GMS by 12.1% during the fourth quarter. Choreo LLC now owns 2,668 shares of the company's stock valued at $227,000 after purchasing an additional 288 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of GMS during the third quarter valued at approximately $232,000. Institutional investors own 95.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Royal Bank of Canada restated a "sector perform" rating and set a $86.00 target price (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th. DA Davidson decreased their price target on GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a report on Friday, December 6th. Robert W. Baird lowered their price objective on GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, December 6th. Finally, Barclays cut their target price 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, GMS presently has a consensus rating of "Hold" and an average price target of $93.57.

GMS Trading Down 1.7 %

GMS traded down $1.37 during midday trading on Wednesday, reaching $79.75. 456,210 shares of the company were exchanged, compared to its average volume of 356,922. The stock has a market capitalization of $3.10 billion, a P/E ratio of 14.66 and a beta of 1.72. GMS Inc. has a one year low of $77.14 and a one year high of $105.54. The stock's 50-day simple moving average is $83.67 and its 200 day simple moving average is $89.61. 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 (NYSE:GMS - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm's revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. As a group, analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

GMS Company 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.