Teacher Retirement System of Texas Grows Stock Holdings in GMS Inc. (NYSE:GMS)

Teacher Retirement System of Texas grew its stake in GMS Inc. (NYSE:GMS - Free Report) by 229.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,697 shares of the company's stock after purchasing an additional 35,300 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of GMS worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its holdings in GMS by 25.3% in the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company's stock valued at $383,308,000 after buying an additional 854,987 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of GMS in the fourth quarter valued at about $109,277,000. Charles Schwab Investment Management Inc. increased its position in GMS by 2.6% during the fourth 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 during the last quarter. Reinhart Partners LLC. raised its stake in GMS by 2.3% during 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 boosted its holdings in GMS by 48.3% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

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GMS Stock Down 2.0 %

Shares of GMS stock traded down $1.49 during trading on Friday, reaching $73.80. The company's stock had a trading volume of 240,139 shares, compared to its average volume of 410,519. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 13.57 and a beta of 1.73. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54. 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's 50-day moving average price is $79.59 and its 200 day moving average price is $87.37.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.29 billion. On average, research analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on GMS shares. Royal Bank of Canada reduced their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Truist Financial decreased their price target on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Robert W. Baird reduced their price objective on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 target price on shares of GMS in a research report on Friday, March 7th. Finally, Barclays dropped their price target on shares of 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.