Fox Run Management L.L.C. Purchases Shares of 4,179 GMS Inc. (NYSE:GMS)

Fox Run Management L.L.C. bought a new position in GMS Inc. (NYSE:GMS) during the fourth quarter, Holdings Channel reports. The fund bought 4,179 shares of the company’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC increased its stake in GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after purchasing an additional 55,690 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after buying an additional 705 shares during the period. Vestcor Inc increased its position in shares of GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after acquiring an additional 5,972 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of GMS by 61.1% during the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock valued at $3,384,000 after acquiring an additional 14,174 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of GMS by 42.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company’s stock valued at $9,357,000 after acquiring an additional 33,123 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group set a $80.00 price objective on shares of GMS in a research report on Friday, March 7th. Loop Capital dropped their price target on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada decreased their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Robert W. Baird dropped their target price on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, Barclays decreased their price target on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $80.50.

GMS Trading Up 0.9 %

Shares of NYSE GMS opened at $76.05 on Thursday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 13.98 and a beta of 1.73. The business has a 50 day simple moving average of $79.73 and a 200 day simple moving average of $87.45. 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 52 week low of $65.88 and a 52 week 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 return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. On average, research analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal 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.