4,730 Shares in GMS Inc. (NYSE:GMS) Purchased by Regents Gate Capital LLP

Regents Gate Capital LLP bought a new position in shares of GMS Inc. (NYSE:GMS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,730 shares of the company's stock, valued at approximately $401,000.

Several other large investors also recently made changes to their positions in the business. FMR LLC lifted its stake in shares of 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 acquiring an additional 854,987 shares during the period. Pacer Advisors Inc. acquired a new position in shares of GMS during the fourth quarter valued at $109,277,000. Charles Schwab Investment Management Inc. lifted its stake in shares of GMS by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company's stock valued at $53,803,000 after acquiring an additional 2,674 shares during the period. Reinhart Partners LLC. lifted its stake in shares of GMS by 2.3% during the fourth quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock valued at $45,937,000 after acquiring an additional 12,099 shares during the period. Finally, Verition Fund Management LLC lifted its stake in shares of GMS by 48.3% during the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company's stock valued at $30,829,000 after acquiring an additional 110,876 shares during the period. Institutional investors own 95.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GMS shares. Robert W. Baird cut their price target on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Barclays cut their target price on GMS from $93.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. DA Davidson cut their target price on GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a research note on Friday, December 6th. Finally, Truist Financial increased their target price on GMS from $90.00 to $97.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. 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 0.4 %

Shares of GMS stock traded down $0.31 during trading hours on Thursday, hitting $83.54. The company's stock had a trading volume of 269,177 shares, compared to its average volume of 347,647. GMS Inc. has a 12 month low of $77.29 and a 12 month high of $105.54. The stock has a 50 day moving average of $85.91 and a 200 day moving average of $90.18. The company has a market capitalization of $3.24 billion, a PE ratio of 15.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $2.30 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. Analysts predict that GMS Inc. will post 7.26 earnings per share for the current 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.