2,684 Shares in GMS Inc. (NYSE:GMS) Bought by AXQ Capital LP

AXQ Capital LP acquired a new position in GMS Inc. (NYSE:GMS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,684 shares of the company’s stock, valued at approximately $228,000.

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

GMS Stock Performance

NYSE:GMS opened at $75.47 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The stock has a 50-day simple moving average of $80.01 and a two-hundred day simple moving average of $87.59. The firm has a market capitalization of $2.90 billion, a PE ratio of 13.87 and a beta of 1.73. GMS Inc. has a 52-week low of $65.88 and a 52-week high of $105.54.

GMS (NYSE:GMS) last released its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on GMS shares. Barclays dropped their price objective on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Robert W. Baird lowered their price objective on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. DA Davidson decreased their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Truist Financial dropped their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, UBS Group set a $80.00 target price on GMS in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $80.50.

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.