GMS Inc. (NYSE:GMS) Holdings Lifted by KBC Group NV

KBC Group NV raised its position in GMS Inc. (NYSE:GMS) by 4,496.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,416 shares of the company’s stock after acquiring an additional 52,254 shares during the quarter. KBC Group NV’s holdings in GMS were worth $4,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in GMS during the 2nd quarter valued at $201,000. Creative Planning lifted its holdings in GMS by 12.9% in the second quarter. Creative Planning now owns 5,721 shares of the company’s stock worth $461,000 after purchasing an additional 653 shares during the period. Quarry LP grew its position in GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 109 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in GMS during the 2nd quarter valued at about $1,692,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of GMS during the 2nd quarter worth about $2,459,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GMS shares. Barclays lowered their price objective 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Robert W. Baird decreased their target price on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Truist Financial lifted their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Loop Capital increased their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. 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 currently has an average rating of “Hold” and a consensus price target of $93.57.

GMS Stock Up 1.4 %

GMS stock opened at $86.15 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The firm has a market capitalization of $3.34 billion, a P/E ratio of 15.84 and a beta of 1.73. GMS Inc. has a 52-week low of $77.29 and a 52-week high of $105.54. The company’s 50 day simple moving average is $89.04 and its 200-day simple moving average is $90.66.

GMS (NYSE:GMS) last announced its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). The firm 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%. GMS’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.30 earnings per share. As a group, equities research analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

GMS Company 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.