GMS Inc. (NYSE:GMS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of GMS Inc. (NYSE:GMS) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,134 shares of the company’s stock after acquiring an additional 593 shares during the quarter. Victory Capital Management Inc. owned 0.26% of GMS worth $8,664,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its holdings in shares of 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 valued at $1,884,000 after purchasing an additional 113 shares in the last quarter. Inspire Investing LLC increased its holdings in GMS by 2.9% in the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock valued at $400,000 after buying an additional 134 shares in the last quarter. Foundry Partners LLC raised its position in shares of GMS by 6.2% in the third quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock worth $359,000 after acquiring an additional 232 shares during the period. KBC Group NV grew its position in shares of GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after acquiring an additional 281 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after purchasing an additional 285 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Stock Down 0.2 %

Shares of NYSE:GMS opened at $70.25 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a 50 day simple moving average of $81.23 and a 200-day simple moving average of $88.29. The company has a market capitalization of $2.73 billion, a PE ratio of 12.91 and a beta of 1.73. GMS Inc. has a twelve month low of $65.88 and a twelve month high of $105.54.

GMS (NYSE:GMS) last announced its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) 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 analysts’ expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. On average, equities analysts predict that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial lowered their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Loop Capital dropped their price target on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday. Barclays cut their price target on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a report on Monday. 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 report on Friday, March 7th. Finally, Royal Bank of Canada cut their target price on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $80.50.

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.