GMS Inc. (NYSE:GMS) Holdings Trimmed by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its position in shares of GMS Inc. (NYSE:GMS) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,200 shares of the company’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in GMS were worth $1,739,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Quarry LP boosted its stake in GMS by 37.1% during the second quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 109 shares in the last quarter. QRG Capital Management Inc. boosted its stake in GMS by 2.0% during the first quarter. QRG Capital Management Inc. now owns 8,070 shares of the company’s stock valued at $786,000 after buying an additional 160 shares in the last quarter. Pitcairn Co. boosted its stake in GMS by 2.5% during the first quarter. Pitcairn Co. now owns 6,614 shares of the company’s stock valued at $644,000 after buying an additional 160 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in GMS by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 10,509 shares of the company’s stock valued at $847,000 after buying an additional 162 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 171 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

GMS Stock Up 1.5 %

Shares of GMS stock opened at $91.27 on Thursday. The stock has a 50-day moving average price of $89.84 and a 200 day moving average price of $89.95. The company has a market cap of $3.62 billion, a P/E ratio of 13.56 and a beta of 1.68. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. GMS Inc. has a 1 year low of $57.68 and a 1 year high of $101.04.

GMS (NYSE:GMS) last announced its quarterly earnings data 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). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $2.40 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that GMS Inc. will post 7.95 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.