Creative Planning Boosts Holdings in GMS Inc. (NYSE:GMS)

Creative Planning raised its position in GMS Inc. (NYSE:GMS) by 21.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,939 shares of the company’s stock after buying an additional 1,218 shares during the quarter. Creative Planning’s holdings in GMS were worth $628,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in 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 in the last quarter. Quarry LP raised its stake in shares of GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after buying an additional 109 shares during the last quarter. GAMMA Investing LLC grew its stake in GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after acquiring an additional 361 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in GMS in the 1st quarter valued at about $77,000. Finally, Canada Pension Plan Investment Board purchased a new position in GMS during the 2nd quarter valued at about $121,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GMS. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Truist Financial dropped their price objective on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Barclays reduced their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, September 9th. Finally, Robert W. Baird lifted their price target on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the 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 Up 0.7 %

Shares of GMS opened at $91.61 on Tuesday. The business’s 50-day moving average price is $89.58 and its 200 day moving average price is $89.92. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. GMS Inc. has a 1-year low of $61.42 and a 1-year high of $101.04. The stock has a market capitalization of $3.60 billion, a P/E ratio of 15.12 and a beta of 1.68.

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

About GMS

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.