2,567 Shares in GMS Inc. (NYSE:GMS) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of GMS Inc. (NYSE:GMS) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 2,567 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors have also modified their holdings of GMS. Blue Trust Inc. lifted its position in shares of GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 171 shares during the last quarter. Quarry LP grew its holdings in GMS by 37.1% during the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC boosted its stake in shares of GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock worth $56,000 after acquiring an additional 361 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of GMS in the 1st quarter valued at approximately $77,000. Finally, Canada Pension Plan Investment Board acquired a new stake in GMS during the 2nd quarter worth about $121,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GMS. StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Robert W. Baird upped 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 decreased their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, September 9th. Finally, Truist Financial lowered their target price on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $91.50.

GMS Price Performance

NYSE GMS opened at $98.30 on Thursday. The business has a 50 day simple moving average of $92.70 and a 200 day simple moving average of $90.45. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 16.22 and a beta of 1.68. 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 Inc. has a 52-week low of $65.46 and a 52-week high of $103.56.

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

Insider Transactions at GMS

In related news, COO George T. Hendren sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the transaction, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.