Regents Gate Capital LLP Takes Position in GMS Inc. (NYSE:GMS)

Regents Gate Capital LLP bought a new position in shares of GMS Inc. (NYSE:GMS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,730 shares of the company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its holdings in shares of GMS by 0.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after buying an additional 113 shares during the period. Inspire Investing LLC boosted its holdings in shares of GMS by 2.9% during 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 during the period. Foundry Partners LLC grew its position in shares of GMS by 6.2% in the third quarter. Foundry Partners LLC now owns 3,964 shares of the company’s stock valued at $359,000 after purchasing an additional 232 shares during the last quarter. KBC Group NV grew its position in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after purchasing an additional 281 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Performance

Shares of GMS stock opened at $84.10 on Monday. The company has a 50 day moving average of $86.95 and a 200-day moving average of $90.34. The company has a market cap of $3.26 billion, a PE ratio of 15.46 and a beta of 1.72. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS Inc. has a 1-year low of $77.29 and a 1-year high of $105.54.

GMS (NYSE:GMS) last issued its earnings results 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business posted $2.30 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GMS has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 price objective (up from $78.00) on shares of GMS in a report on Friday, December 6th. Barclays decreased their price target 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. DA Davidson dropped their price objective on shares of GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Loop Capital increased their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Finally, Truist Financial raised their target price on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.57.

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.