Rhumbline Advisers Has $9.27 Million Stock Position in GMS Inc. (NYSE:GMS)

Rhumbline Advisers lifted its position in GMS Inc. (NYSE:GMS) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 109,240 shares of the company’s stock after buying an additional 2,180 shares during the quarter. Rhumbline Advisers’ holdings in GMS were worth $9,267,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GMS. Blue Trust Inc. boosted its stake in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares during the period. KBC Group NV lifted its holdings in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after purchasing an additional 281 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of GMS in the third quarter worth $222,000. Choreo LLC grew its holdings in shares of GMS by 12.1% during the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after buying an additional 288 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in GMS during the third quarter valued at $232,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GMS. Robert W. Baird decreased their price objective on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, December 6th. Truist Financial raised their price target on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays dropped their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Loop Capital lifted their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Finally, DA Davidson lowered their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.57.

GMS Price Performance

Shares of GMS opened at $77.95 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The firm has a market cap of $3.03 billion, a PE ratio of 14.33 and a beta of 1.72. The firm’s 50 day moving average price is $83.82 and its 200 day moving average price is $89.66. GMS Inc. has a twelve month low of $77.14 and a twelve month high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 EPS. As a group, research analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal 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.