Amalgamated Bank Trims Holdings in GMS Inc. (NYSE:GMS)

Amalgamated Bank lowered its position in shares of GMS Inc. (NYSE:GMS) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,500 shares of the company’s stock after selling 193 shares during the period. Amalgamated Bank’s holdings in GMS were worth $976,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its position in shares of GMS by 71.3% during the 4th 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. KBC Group NV increased its stake in GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares in the last quarter. Stifel Financial Corp bought a new stake in GMS during the third quarter valued at about $222,000. Choreo LLC lifted its position in shares of GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after acquiring an additional 288 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of GMS in the third quarter worth about $232,000. 95.28% of the stock is currently owned by institutional investors.

GMS Trading Down 1.5 %

Shares of GMS opened at $78.39 on Tuesday. The stock has a market capitalization of $3.04 billion, a PE ratio of 14.41 and a beta of 1.72. The company’s fifty day moving average is $83.29 and its 200 day moving average is $89.41. 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 $77.14 and a fifty-two week high of $105.54.

GMS (NYSE:GMS) last posted 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). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. Sell-side analysts expect that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird decreased their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, December 6th. Loop Capital increased their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Barclays lowered their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. DA Davidson cut their target price on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $86.00 price target (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. 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 presently has an average rating of “Hold” and a consensus price target of $93.57.

GMS 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.