Inceptionr LLC Grows Stock Position in GMS Inc. (NYSE:GMS)

Inceptionr LLC lifted its stake in shares of GMS Inc. (NYSE:GMS) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,229 shares of the company’s stock after purchasing an additional 1,328 shares during the quarter. Inceptionr LLC’s holdings in GMS were worth $613,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC raised its stake in shares of GMS by 148.8% during the third 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. Victory Capital Management Inc. raised its stake in shares of GMS by 6.4% during the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock worth $9,197,000 after purchasing an additional 6,136 shares during the last quarter. Barclays PLC raised its stake in shares of GMS by 374.0% during the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after purchasing an additional 55,690 shares during the last quarter. Vestcor Inc raised its stake in shares of GMS by 71.5% during the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after purchasing an additional 5,972 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake 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 worth $3,384,000 after purchasing an additional 14,174 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Stock Up 1.7 %

GMS stock opened at $74.17 on Friday. 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 firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.63 and a beta of 1.73. GMS Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $105.54. The stock’s fifty day moving average is $82.32 and its two-hundred day moving average is $88.90.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Analysts predict that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GMS shares. Loop Capital upped their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. Royal Bank of Canada dropped 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. Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday. Barclays dropped their price objective on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson dropped their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.71.

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.