GMS Inc. (NYSE:GMS) Shares Sold by Kendall Capital Management

Kendall Capital Management reduced its holdings in GMS Inc. (NYSE:GMS) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,350 shares of the company’s stock after selling 300 shares during the period. Kendall Capital Management’s holdings in GMS were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GMS. Blue Trust Inc. boosted its stake in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after acquiring an additional 285 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 705 shares during the last quarter. KBC Group NV boosted its stake in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after acquiring an additional 281 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of GMS in the third quarter worth approximately $222,000. Finally, Choreo LLC boosted its stake in shares of GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after acquiring an additional 288 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GMS. Loop Capital lifted their price target on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. DA Davidson lowered their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday. Robert W. Baird lowered their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada lowered their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Barclays lowered their price objective on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.71.

GMS Price Performance

GMS stock opened at $74.17 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.88 billion, a PE ratio of 13.63 and a beta of 1.73. GMS Inc. has a 12-month low of $65.88 and a 12-month high of $105.54. The business’s fifty day moving average price is $82.32 and its 200 day moving average price is $88.85.

GMS (NYSE:GMS) last posted its quarterly earnings data 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). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, sell-side analysts anticipate that GMS Inc. will post 7.26 EPS for the current 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.