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

Peregrine Capital Management LLC trimmed its stake in shares of GMS Inc. (NYSE:GMS) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 97,630 shares of the company’s stock after selling 3,587 shares during the period. Peregrine Capital Management LLC’s holdings in GMS were worth $8,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings 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. KBC Group NV raised its position in GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of GMS in the third quarter valued at about $222,000. Choreo LLC boosted its holdings in shares of GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after acquiring an additional 288 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of GMS during the third quarter worth about $232,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Stock Down 1.1 %

GMS opened at $82.40 on Wednesday. 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 company has a market cap of $3.20 billion, a price-to-earnings ratio of 15.15 and a beta of 1.72. GMS Inc. has a one year low of $77.29 and a one year high of $105.54. The business’s fifty day moving average is $85.06 and its two-hundred day moving average is $89.91.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. GMS’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GMS. Robert W. Baird lowered their price objective on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, December 6th. Truist Financial upped their price objective on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th. Loop Capital boosted 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, Barclays lowered 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, GMS currently has an average rating of “Hold” and an average target price of $93.57.

GMS 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.