MQS Management LLC Boosts Stock Holdings in GMS Inc. (NYSE:GMS)

MQS Management LLC lifted its holdings in shares of GMS Inc. (NYSE:GMS) by 30.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,870 shares of the company’s stock after acquiring an additional 1,363 shares during the quarter. MQS Management LLC’s holdings in GMS were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC raised its position in shares of GMS by 107.6% in the first quarter. GAMMA Investing LLC now owns 793 shares of the company’s stock worth $77,000 after buying an additional 411 shares in the last quarter. EntryPoint Capital LLC bought a new stake in GMS during the first quarter valued at $77,000. LRI Investments LLC purchased a new position in GMS during the first quarter worth about $127,000. Finally, TFO Wealth Partners LLC increased its stake in GMS by 174,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock worth $144,000 after acquiring an additional 1,740 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

GMS Stock Up 1.5 %

Shares of NYSE GMS opened at $92.01 on Friday. The firm’s fifty day moving average is $89.48 and its 200 day moving average is $90.72. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 13.67 and a beta of 1.68.

GMS (NYSE:GMS) last posted its earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.40 earnings per share. On average, equities research analysts expect that GMS Inc. will post 7.95 earnings per share for the current year.

Insider Activity

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total value of $713,528.00. Following the completion of the sale, the senior vice president now owns 10,671 shares of the company’s stock, valued at $963,804.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

GMS has been the subject of a number of research analyst reports. Truist Financial dropped their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Barclays dropped their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, September 9th. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Loop Capital dropped their price objective on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. Finally, Royal Bank of Canada reduced their target price on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, June 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, GMS has a consensus rating of “Hold” and an average price target of $89.63.

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.