Prudential Financial Inc. reduced its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,232 shares of the company's stock after selling 23,540 shares during the period. Prudential Financial Inc. owned 0.37% of GMS worth $12,235,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its holdings in GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company's stock valued at $383,308,000 after purchasing 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. lifted its stake 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 valued at $51,722,000 after buying an additional 15,664 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in GMS by 2.3% in the 4th quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock worth $45,937,000 after buying an additional 12,099 shares during the period. Finally, Verition Fund Management LLC increased its stake in GMS by 48.3% in the 3rd quarter. Verition Fund Management LLC now owns 340,388 shares of the company's stock worth $30,829,000 after buying an additional 110,876 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently commented on GMS. Loop Capital lowered their price objective on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada lowered their price target on 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 cut their price objective on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Barclays lowered their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Finally, UBS Group set a $80.00 target price 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $80.50.
Read Our Latest Analysis on GMS
GMS Price Performance
Shares of GMS stock traded up $0.20 during trading hours on Wednesday, reaching $73.94. The company's stock had a trading volume of 44,075 shares, compared to its average volume of 432,436. The firm has a 50 day moving average price of $78.92 and a 200-day moving average price of $87.20. 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 cap of $2.84 billion, a P/E ratio of 13.59 and a beta of 1.73. GMS Inc. has a one year low of $65.88 and a one year high of $105.54.
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 the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, analysts predict that GMS Inc. will post 7.26 EPS for the current year.
GMS Profile
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Free Report)
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.
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