GMS Inc. (NYSE:GMS) Short Interest Update

GMS Inc. (NYSE:GMS) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,300,000 shares, an increase of 31.5% from the December 15th total of 988,600 shares. Based on an average daily volume of 395,500 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.4% of the shares of the stock are sold short.

GMS Trading Up 2.3 %

Shares of GMS stock opened at $84.26 on Friday. GMS has a 1-year low of $77.29 and a 1-year high of $105.54. The firm has a market cap of $3.27 billion, a PE ratio of 15.49 and a beta of 1.73. The company has a 50-day moving average of $91.80 and a two-hundred day moving average of $90.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS) last posted its quarterly earnings data 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 company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 EPS. On average, analysts predict that GMS will post 7.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GMS. Barclays reduced their price objective on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday. DA Davidson lowered their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Truist Financial upped their price objective on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Loop Capital lifted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Finally, Robert W. Baird dropped their price target on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.57.

Insiders Place Their Bets

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the transaction, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GMS

A number of institutional investors have recently modified their holdings of the company. Quarry LP grew its holdings in shares of GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in GMS by 0.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock valued at $1,884,000 after buying an additional 113 shares during the period. Inspire Investing LLC grew its stake in shares of GMS by 2.9% in the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock worth $400,000 after acquiring an additional 134 shares in the last quarter. Foundry Partners LLC increased its holdings in GMS by 6.2% during the 3rd quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock worth $359,000 after purchasing an additional 232 shares during the period. Finally, KBC Group NV grew its position in shares of GMS by 31.9% during the third 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. 95.28% of the stock is owned by institutional investors and hedge funds.

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.