GMS Inc. (NYSE:GMS) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its position in shares of GMS Inc. (NYSE:GMS) by 246.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 991 shares of the company’s stock after acquiring an additional 705 shares during the period. Smartleaf Asset Management LLC’s holdings in GMS were worth $84,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GMS. Janney Montgomery Scott LLC grew its holdings in GMS by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 24,797 shares of the company’s stock worth $2,246,000 after acquiring an additional 428 shares in the last quarter. Meritage Portfolio Management grew its holdings in GMS by 11.5% during the 3rd quarter. Meritage Portfolio Management now owns 4,747 shares of the company’s stock worth $430,000 after acquiring an additional 490 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in GMS by 0.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after acquiring an additional 113 shares in the last quarter. GSA Capital Partners LLP acquired a new position in GMS during the 3rd quarter worth approximately $245,000. Finally, Victory Capital Management Inc. grew its holdings in GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock worth $9,197,000 after acquiring an additional 6,136 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GMS. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. Robert W. Baird lowered their target price on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada lowered their target price on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a report on Friday. Truist Financial lowered their target price on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday. Finally, DA Davidson lowered their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, GMS presently has a consensus rating of “Hold” and a consensus target price of $83.71.

GMS Stock Up 1.7 %

Shares of NYSE:GMS opened at $74.17 on Friday. The stock has a market cap of $2.88 billion, a P/E ratio of 13.63 and a beta of 1.73. The firm has a fifty day moving average price of $82.32 and a 200 day moving average price of $88.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings results 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). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Sell-side analysts predict that GMS Inc. will post 7.26 EPS for the current year.

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.