Quantbot Technologies LP Takes Position in GMS Inc. (NYSE:GMS)

Quantbot Technologies LP purchased a new stake in shares of GMS Inc. (NYSE:GMS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,027 shares of the company’s stock, valued at approximately $1,105,000.

A number of other large investors have also recently added to or reduced their stakes in GMS. Swiss National Bank increased its stake in GMS by 3.9% during the third quarter. Swiss National Bank now owns 77,400 shares of the company’s stock worth $7,010,000 after acquiring an additional 2,900 shares during the last quarter. Intech Investment Management LLC increased its position in shares of GMS by 148.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock worth $1,495,000 after purchasing an additional 9,876 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in GMS by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 105,882 shares of the company’s stock valued at $9,590,000 after buying an additional 1,534 shares during the period. Charles Schwab Investment Management Inc. lifted its position in GMS by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company’s stock valued at $53,803,000 after buying an additional 2,674 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in GMS by 61.8% during the third quarter. Citigroup Inc. now owns 49,733 shares of the company’s stock worth $4,504,000 after buying an additional 18,998 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Trading Up 0.0 %

GMS opened at $75.39 on Wednesday. The business has a fifty day moving average price of $79.88 and a 200 day moving average price of $87.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS Inc. has a 12 month low of $65.88 and a 12 month high of $105.54. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.86 and a beta of 1.73.

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

Analysts Set New Price Targets

GMS has been the topic of a number of research analyst reports. Loop Capital reduced their price target on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Barclays decreased their price target on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada cut their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Finally, Truist Financial lowered their target price on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $80.50.

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.