Vanguard Group Inc. Sells 74,354 Shares of GMS Inc. (NYSE:GMS)

Vanguard Group Inc. decreased its holdings in GMS Inc. (NYSE:GMS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,335,138 shares of the company’s stock after selling 74,354 shares during the period. Vanguard Group Inc. owned approximately 13.39% of GMS worth $439,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of GMS by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock valued at $204,600,000 after purchasing an additional 14,005 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after purchasing an additional 456,692 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after purchasing an additional 76,417 shares during the last quarter. Capital International Investors increased its stake in shares of GMS by 15.0% in the 4th quarter. Capital International Investors now owns 611,792 shares of the company’s stock valued at $50,430,000 after purchasing an additional 79,792 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of GMS by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 558,631 shares of the company’s stock valued at $46,048,000 after purchasing an additional 12,637 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

Analysts Set New Price Targets

GMS has been the topic of a number of research reports. Loop Capital reduced their price objective on GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Royal Bank of Canada reduced their price objective on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. StockNews.com lowered GMS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. DA Davidson reduced their price objective on GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird reduced their price objective on GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

GMS Trading Down 0.1 %

NYSE GMS opened at $79.42 on Thursday. The business’s 50-day moving average price is $91.57 and its two-hundred day moving average price is $88.97. GMS Inc. has a 12 month low of $56.58 and a 12 month high of $101.04. The firm has a market capitalization of $3.15 billion, a PE ratio of 11.80 and a beta of 1.72. The company has a current ratio of 2.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. GMS had a net margin of 5.02% and a return on equity of 24.05%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 earnings per share. On average, analysts expect that GMS Inc. will post 8.7 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.