GMS Inc. (NYSE:GMS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of GMS Inc. (NYSE:GMS) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,343 shares of the company’s stock after selling 377 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in GMS were worth $484,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GMS. Westwood Holdings Group Inc. acquired a new position in GMS during the 1st quarter valued at about $68,693,000. American Century Companies Inc. grew its holdings in GMS by 28.5% during the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after acquiring an additional 406,406 shares during the period. LSV Asset Management raised its holdings in shares of GMS by 103.0% in the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after purchasing an additional 350,478 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of GMS in the 2nd quarter worth $24,601,000. Finally, Interval Partners LP acquired a new stake in GMS during the 1st quarter worth about $8,761,000. Institutional investors own 95.28% of the company’s stock.

GMS Trading Up 1.2 %

Shares of GMS opened at $90.96 on Friday. GMS Inc. has a 12-month low of $59.86 and a 12-month high of $101.04. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 15.01 and a beta of 1.68. The stock’s 50-day moving average price is $89.75 and its 200 day moving average price is $89.96. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90.

GMS (NYSE:GMS) last posted its earnings results on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 4.45% and a return on equity of 22.02%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.40 EPS. As a group, research analysts predict that GMS Inc. will post 7.95 earnings per share for the current year.

Analysts Set New Price Targets

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