State of Alaska Department of Revenue Sells 300 Shares of GMS Inc. (NYSE:GMS)

State of Alaska Department of Revenue lessened its position in GMS Inc. (NYSE:GMS) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,327 shares of the company’s stock after selling 300 shares during the period. State of Alaska Department of Revenue owned about 0.06% of GMS worth $1,893,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GMS. GAMMA Investing LLC lifted its holdings in GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after purchasing an additional 361 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after buying an additional 285 shares during the last quarter. KBC Group NV boosted its holdings in shares of GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares during the period. ZWJ Investment Counsel Inc. acquired a new position in GMS in the 3rd quarter valued at about $219,000. Finally, Stifel Financial Corp bought a new position in GMS in the 3rd quarter valued at about $222,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Loop Capital upped their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. Robert W. Baird decreased their price objective on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, December 6th. Barclays dropped their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Truist Financial upped their price target on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, DA Davidson dropped their price objective on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, GMS presently has a consensus rating of “Hold” and an average price target of $93.57.

GMS Stock Up 0.3 %

GMS stock opened at $84.53 on Wednesday. The company has a market cap of $3.28 billion, a PE ratio of 15.54 and a beta of 1.72. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a 52 week low of $77.29 and a 52 week high of $105.54. The business has a 50-day simple moving average of $86.64 and a 200 day simple moving average of $90.29.

GMS (NYSE:GMS) last issued its earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. GMS’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Sell-side analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

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.