Janney Montgomery Scott LLC Has $2.25 Million Stake in GMS Inc. (NYSE:GMS)

Janney Montgomery Scott LLC grew its stake in GMS Inc. (NYSE:GMS) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,797 shares of the company’s stock after buying an additional 428 shares during the period. Janney Montgomery Scott LLC owned approximately 0.06% of GMS worth $2,246,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GMS. Quarry LP raised its stake in shares of GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after acquiring an additional 109 shares in the last quarter. Pitcairn Co. lifted its stake in shares of GMS by 2.5% in the first quarter. Pitcairn Co. now owns 6,614 shares of the company’s stock worth $644,000 after buying an additional 160 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of GMS by 2.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,070 shares of the company’s stock worth $786,000 after buying an additional 160 shares during the period. SummerHaven Investment Management LLC grew its stake in GMS by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,509 shares of the company’s stock valued at $847,000 after buying an additional 162 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after acquiring an additional 171 shares during the period. Institutional investors own 95.28% of the company’s stock.

Analyst Upgrades and Downgrades

GMS has been the topic of several research analyst reports. Robert W. Baird raised their price target on GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays dropped their price target on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, September 9th. StockNews.com cut GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Truist Financial dropped their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.50.

GMS Trading Down 1.7 %

Shares of GMS stock opened at $101.43 on Wednesday. The firm has a fifty day moving average of $90.99 and a 200-day moving average of $90.24. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 16.74 and a beta of 1.68. GMS Inc. has a 52-week low of $62.58 and a 52-week high of $103.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $2.40 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at $2,427,834.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.