Xponance Inc. purchased a new stake in GMS Inc. (NYSE:GMS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,755 shares of the company’s stock, valued at approximately $398,000.
Several other large investors have also recently bought and sold shares of GMS. Financial Management Professionals Inc. bought a new position in GMS in the 2nd quarter valued at about $30,000. Ellevest Inc. grew its position in shares of GMS by 40.5% during the 1st quarter. Ellevest Inc. now owns 631 shares of the company’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in shares of GMS during the 1st quarter worth approximately $41,000. Point72 Hong Kong Ltd grew its position in shares of GMS by 41.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 958 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of GMS by 32.5% during the 3rd quarter. Royal Bank of Canada now owns 1,153 shares of the company’s stock worth $46,000 after purchasing an additional 283 shares in the last quarter. 97.88% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on GMS. Stephens increased their target price on shares of GMS from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. Royal Bank of Canada restated a “sector perform” rating and set a $68.00 target price on shares of GMS in a research report on Wednesday, September 6th. DA Davidson began coverage on shares of GMS in a research report on Tuesday, August 22nd. They set a “buy” rating and a $82.00 target price on the stock. VNET Group restated a “maintains” rating on shares of GMS in a research report on Tuesday, June 27th. Finally, Barclays increased their target price on shares of GMS from $67.00 to $75.00 in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, GMS presently has a consensus rating of “Moderate Buy” and an average price target of $77.88.
GMS Stock Performance
NYSE GMS opened at $62.98 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.47 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.04 and a beta of 1.87. The firm’s 50 day simple moving average is $68.91 and its 200 day simple moving average is $64.77. GMS Inc. has a 1 year low of $40.17 and a 1 year high of $76.14.
GMS (NYSE:GMS – Get Free Report) last posted its earnings results on Thursday, August 31st. The company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.01. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. GMS had a net margin of 6.14% and a return on equity of 30.62%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 earnings per share. As a group, research analysts expect that GMS Inc. will post 8.09 earnings per share 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.
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