GMS Inc. (NYSE:GMS) Holdings Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of GMS Inc. (NYSE:GMS) by 109.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,053 shares of the company’s stock after purchasing an additional 13,615 shares during the period. New York State Common Retirement Fund owned 0.07% of GMS worth $2,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of GMS by 25.3% during 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 during the period. Pacer Advisors Inc. acquired a new stake in shares of GMS during the 4th quarter valued at $109,277,000. Charles Schwab Investment Management Inc. boosted its stake in shares of GMS by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company’s stock valued at $53,803,000 after buying an additional 2,674 shares during the period. Reinhart Partners LLC. boosted its stake in shares of GMS by 2.3% during the 4th quarter. Reinhart Partners LLC. now owns 541,519 shares of the company’s stock valued at $45,937,000 after buying an additional 12,099 shares during the period. Finally, Verition Fund Management LLC boosted its stake in shares of GMS by 48.3% during the 3rd quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after buying an additional 110,876 shares during the period. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial lifted their target price 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. Royal Bank of Canada reissued a “sector perform” rating and set a $86.00 target price (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Loop Capital lifted their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Robert W. Baird reduced their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Finally, Barclays reduced their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Six 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 an average rating of “Hold” and an average price target of $93.57.

GMS Stock Up 0.3 %

GMS stock opened at $79.58 on Friday. The firm has a market cap of $3.09 billion, a PE ratio of 14.63 and a beta of 1.72. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS Inc. has a 1 year low of $77.14 and a 1 year high of $105.54. The company has a fifty day simple moving average of $83.29 and a 200 day simple moving average of $89.42.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. 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.