GMS Inc. (NYSE:GMS) Shares Bought by Creative Planning

Creative Planning raised its stake in GMS Inc. (NYSE:GMS) by 12.9% in the second quarter, HoldingsChannel reports. The fund owned 5,721 shares of the company’s stock after purchasing an additional 653 shares during the period. Creative Planning’s holdings in GMS were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. purchased a new stake in GMS in the 1st quarter valued at $68,693,000. American Century Companies Inc. increased its holdings in shares of GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock valued at $147,583,000 after acquiring an additional 406,406 shares during the last quarter. LSV Asset Management grew its stake in GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after buying an additional 350,478 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. purchased a new position in GMS during the 2nd quarter worth approximately $24,601,000. Finally, Interval Partners LP acquired a new stake in GMS during the 1st quarter worth approximately $8,761,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Truist Financial reduced their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Royal Bank of Canada reduced their price target on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, June 21st. Stephens reduced their price objective on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 1st. DA Davidson dropped their price target on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Finally, Loop Capital lowered their price objective on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.63.

GMS Stock Down 0.0 %

NYSE:GMS opened at $94.31 on Wednesday. The firm has a market capitalization of $3.74 billion, a PE ratio of 14.01 and a beta of 1.68. The stock has a 50 day moving average of $89.21 and a 200-day moving average of $90.37. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04. 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 (NYSE:GMS) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $2.40 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts predict that GMS Inc. will post 7.95 EPS 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.