GMS Inc. (NYSE:GMS) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its stake in GMS Inc. (NYSE:GMS) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,630 shares of the company’s stock after selling 3,587 shares during the period. Peregrine Capital Management LLC owned about 0.25% of GMS worth $8,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GMS. Blue Trust Inc. lifted its position 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 in the last quarter. KBC Group NV lifted its holdings in GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares in the last quarter. Stifel Financial Corp purchased a new position in GMS in the 3rd quarter valued at approximately $222,000. Choreo LLC grew its stake in shares of GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after acquiring an additional 288 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of GMS during the third quarter worth $232,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GMS shares. Truist Financial lifted their target price on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Loop Capital boosted their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Robert W. Baird lowered their price target on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, December 6th. Finally, Barclays reduced their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, GMS currently has an average rating of “Hold” and an average target price of $93.57.

GMS Stock Performance

Shares of GMS stock opened at $82.40 on Wednesday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 15.15 and a beta of 1.72. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a 52 week low of $77.29 and a 52 week high of $105.54. The firm’s 50 day moving average is $85.06 and its two-hundred day moving average is $89.91.

GMS (NYSE:GMS) last posted its earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $2.30 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts forecast that GMS Inc. will post 7.26 EPS for the current fiscal 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.