2,684 Shares in GMS Inc. (NYSE:GMS) Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in GMS Inc. (NYSE:GMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,684 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of GMS by 4.7% in the fourth quarter. Sei Investments Co. now owns 231,035 shares of the company’s stock worth $19,599,000 after buying an additional 10,297 shares in the last quarter. Quantbot Technologies LP bought a new stake in GMS in the 4th quarter valued at $1,105,000. Teacher Retirement System of Texas lifted its stake in GMS by 229.3% in the 4th quarter. Teacher Retirement System of Texas now owns 50,697 shares of the company’s stock worth $4,301,000 after purchasing an additional 35,300 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of GMS by 77.9% during the 4th quarter. Intech Investment Management LLC now owns 29,374 shares of the company’s stock valued at $2,492,000 after purchasing an additional 12,863 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of GMS during the fourth quarter valued at about $313,000. 95.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on GMS shares. Barclays dropped their price target on GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Truist Financial cut their target price on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. Robert W. Baird decreased their price target on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. Finally, Loop Capital decreased their target price on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.50.

GMS Price Performance

GMS stock opened at $75.47 on Tuesday. The stock has a market cap of $2.90 billion, a PE ratio of 13.87 and a beta of 1.73. GMS Inc. has a 12 month low of $65.88 and a 12 month high of $105.54. The company has a 50-day moving average price of $80.01 and a 200 day moving average price of $87.59. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

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 the consensus estimate of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Equities research analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current year.

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.