Maple Capital Management Inc. Invests $2.14 Million in GMS Inc. (NYSE:GMS)

Maple Capital Management Inc. bought a new stake in shares of GMS Inc. (NYSE:GMS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,200 shares of the company’s stock, valued at approximately $2,138,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its stake in shares of GMS by 0.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after acquiring an additional 113 shares during the last quarter. Inspire Investing LLC raised its holdings in GMS by 2.9% in the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock worth $400,000 after purchasing an additional 134 shares during the period. Foundry Partners LLC lifted its position in GMS by 6.2% during the third quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock valued at $359,000 after purchasing an additional 232 shares in the last quarter. KBC Group NV grew its holdings in GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after purchasing an additional 281 shares during the period. Finally, Blue Trust Inc. grew its holdings in GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after purchasing an additional 285 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GMS shares. DA Davidson reduced their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Truist Financial increased their price target on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Loop Capital upped their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. Barclays reduced their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $86.00 price objective (up from $78.00) on shares of GMS in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $93.57.

GMS Trading Up 0.3 %

Shares of NYSE:GMS opened at $79.58 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a 52-week low of $77.14 and a 52-week high of $105.54. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 14.63 and a beta of 1.72. The business has a 50-day moving average price of $83.41 and a 200-day moving average price of $89.47.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Equities analysts predict that GMS Inc. will post 7.26 EPS for the current year.

About GMS

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.