AlphaQuest LLC Purchases 325 Shares of GMS Inc. (NYSE:GMS)

AlphaQuest LLC lifted its position in GMS Inc. (NYSE:GMS) by 1,710.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 344 shares of the company’s stock after purchasing an additional 325 shares during the period. AlphaQuest LLC’s holdings in GMS were worth $29,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $249,000 after purchasing an additional 211 shares during the last quarter. Inceptionr LLC grew its holdings in shares of GMS by 22.5% in the fourth quarter. Inceptionr LLC now owns 7,229 shares of the company’s stock worth $613,000 after purchasing an additional 1,328 shares during the last quarter. Raymond James Financial Inc. bought a new stake in GMS in the fourth quarter valued at $1,547,000. Victory Capital Management Inc. boosted its holdings in GMS by 0.6% in the fourth quarter. Victory Capital Management Inc. now owns 102,134 shares of the company’s stock valued at $8,664,000 after acquiring an additional 593 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in GMS by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after acquiring an additional 15,664 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

GMS Price Performance

GMS opened at $72.43 on Friday. The stock has a 50-day moving average price of $80.11 and a 200-day moving average price of $87.58. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The firm has a market cap of $2.78 billion, a PE ratio of 13.31 and a beta of 1.73. GMS Inc. has a 1 year low of $65.88 and a 1 year high of $105.54.

GMS (NYSE:GMS) last posted 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 company had revenue of $1.26 billion during 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%. Sell-side analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on GMS shares. Barclays cut their price target on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. DA Davidson cut their price target 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. UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th. Robert W. Baird cut their price target on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, Truist Financial cut their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.