4,730 Shares in GMS Inc. (NYSE:GMS) Bought by Regents Gate Capital LLP

Regents Gate Capital LLP acquired a new stake in GMS Inc. (NYSE:GMS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,730 shares of the company’s stock, valued at approximately $401,000.

Several other large investors have also bought and sold shares of GMS. Squarepoint Ops LLC acquired a new stake in shares of GMS in the second quarter valued at about $201,000. Creative Planning increased its position in GMS by 12.9% during the 2nd quarter. Creative Planning now owns 5,721 shares of the company’s stock valued at $461,000 after purchasing an additional 653 shares during the period. GAMMA Investing LLC raised its holdings in GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock worth $56,000 after purchasing an additional 361 shares during the last quarter. Simplicity Wealth LLC raised its holdings in GMS by 3.5% during the 3rd quarter. Simplicity Wealth LLC now owns 8,735 shares of the company’s stock worth $791,000 after purchasing an additional 293 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in shares of GMS by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 4,582 shares of the company’s stock worth $415,000 after purchasing an additional 176 shares during the period. 95.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

GMS Stock Up 0.1 %

GMS stock opened at $84.10 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS Inc. has a fifty-two week low of $77.29 and a fifty-two week high of $105.54. The stock’s 50 day simple moving average is $86.95 and its 200 day simple moving average is $90.34. The company has a market cap of $3.26 billion, a P/E ratio of 15.46 and a beta of 1.72.

GMS (NYSE:GMS) last issued its 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). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $2.30 earnings per share. GMS’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts expect that GMS Inc. will post 7.26 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.