Isthmus Partners LLC Increases Stock Position in GMS Inc. (NYSE:GMS)

Isthmus Partners LLC grew its position in shares of GMS Inc. (NYSE:GMS) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,194 shares of the company’s stock after purchasing an additional 9,083 shares during the period. Isthmus Partners LLC owned approximately 0.09% of GMS worth $2,901,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new stake in GMS in the fourth quarter worth $109,277,000. FMR LLC increased its holdings in shares of GMS by 25.3% in the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after buying an additional 854,987 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of GMS in the 3rd quarter valued at about $12,490,000. Verition Fund Management LLC grew its position in GMS by 48.3% in the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock worth $30,829,000 after acquiring an additional 110,876 shares in the last quarter. Finally, Barclays PLC increased its stake in 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 acquiring an additional 55,690 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

GMS Stock Performance

Shares of GMS stock opened at $74.17 on Monday. GMS Inc. has a 52-week low of $65.88 and a 52-week high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.88 billion, a PE ratio of 13.63 and a beta of 1.73. The business has a 50-day simple moving average of $82.32 and a 200-day simple moving average of $88.85.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. On average, equities analysts expect that GMS Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GMS shares. DA Davidson reduced their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank of Canada reduced their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday. Truist Financial dropped their target price on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research report on Friday. Robert W. Baird reduced their price target on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Loop Capital boosted their price objective on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.