Janney Montgomery Scott LLC Buys 428 Shares of GMS Inc. (NYSE:GMS)

Janney Montgomery Scott LLC increased its stake in GMS Inc. (NYSE:GMS) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,797 shares of the company’s stock after acquiring an additional 428 shares during the period. Janney Montgomery Scott LLC’s holdings in GMS were worth $2,246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of GMS by 28.5% during the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after acquiring an additional 406,406 shares during the last quarter. Pacer Advisors Inc. lifted its position in GMS by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock valued at $118,885,000 after purchasing an additional 6,396 shares during the period. Federated Hermes Inc. boosted its stake in shares of GMS by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock valued at $85,128,000 after purchasing an additional 9,516 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after buying an additional 34,205 shares during the period. Finally, LSV Asset Management raised its stake in shares of GMS by 103.0% during the second 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. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Down 1.7 %

Shares of GMS stock opened at $101.43 on Wednesday. The company has a market capitalization of $3.98 billion, a P/E ratio of 16.74 and a beta of 1.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. The business has a 50-day moving average of $90.99 and a two-hundred day moving average of $90.24. GMS Inc. has a 1 year low of $62.58 and a 1 year high of $103.56.

GMS (NYSE:GMS) last announced its earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.40 earnings per share. As a group, equities analysts predict that GMS Inc. will post 7.95 EPS for the current year.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GMS. Robert W. Baird lifted their target price on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Truist Financial decreased their price objective on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Barclays decreased their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, GMS currently has a consensus rating of “Hold” and an average target price of $91.50.

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.