GMS Inc. (NYSE:GMS) Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC raised its holdings in shares of GMS Inc. (NYSE:GMS) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,194 shares of the company’s stock after acquiring an additional 9,083 shares during the quarter. Isthmus Partners LLC’s holdings in GMS were worth $2,901,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GMS by 19.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,914 shares of the company’s stock valued at $926,000 after acquiring an additional 1,811 shares during the period. AlphaQuest LLC increased its stake in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock valued at $249,000 after buying an additional 211 shares during the last quarter. Inceptionr LLC boosted its stake in shares of GMS by 22.5% during the fourth quarter. Inceptionr LLC now owns 7,229 shares of the company’s stock worth $613,000 after buying an additional 1,328 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of GMS during the fourth quarter worth about $1,547,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Price Performance

Shares of GMS stock opened at $74.17 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $82.32 and a 200-day simple moving average of $88.85. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.63 and a beta of 1.73. GMS Inc. has a 1-year low of $65.88 and a 1-year high of $105.54.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. On average, sell-side analysts expect that GMS Inc. will post 7.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on GMS shares. Barclays reduced their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. DA Davidson dropped their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada reduced their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research note on Friday. Loop Capital upped their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Finally, Truist Financial cut their price target on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.71.

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.