Charles Schwab Investment Management Inc. Buys 15,664 Shares of GMS Inc. (NYSE:GMS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of GMS Inc. (NYSE:GMS) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 609,715 shares of the company’s stock after purchasing an additional 15,664 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.57% of GMS worth $51,722,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after purchasing an additional 705 shares during the period. KBC Group NV increased its holdings in shares of GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after purchasing an additional 281 shares during the period. Stifel Financial Corp bought a new position in shares of GMS during the third quarter worth approximately $222,000. Finally, Choreo LLC increased its holdings in shares of GMS by 12.1% during the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after purchasing an additional 288 shares during the period. 95.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on GMS. Royal Bank of Canada decreased their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. Robert W. Baird decreased their price objective on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Loop Capital decreased their price objective on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday. Finally, DA Davidson decreased their price objective on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.50.

GMS Price Performance

Shares of NYSE:GMS opened at $70.25 on Friday. The firm’s fifty day moving average is $81.23 and its 200-day moving average is $88.29. GMS Inc. has a 52 week low of $65.88 and a 52 week high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The firm has a market cap of $2.73 billion, a PE ratio of 12.91 and a beta of 1.73.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Sell-side analysts predict that GMS Inc. will post 7.26 earnings per share for the current 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.