Maple Capital Management Inc. purchased a new stake in shares of GMS Inc. (NYSE:GMS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 25,200 shares of the company's stock, valued at approximately $2,138,000. Maple Capital Management Inc. owned 0.06% of GMS as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC raised its stake in shares of GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company's stock valued at $1,495,000 after acquiring an additional 9,876 shares during the last quarter. Victory Capital Management Inc. increased its holdings in GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock valued at $9,197,000 after purchasing an additional 6,136 shares during the period. Barclays PLC raised its position in GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after purchasing an additional 55,690 shares during the last quarter. Vestcor Inc lifted its holdings in GMS by 71.5% in the 3rd quarter. Vestcor Inc now owns 14,330 shares of the company's stock worth $1,298,000 after buying an additional 5,972 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of GMS by 61.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company's stock worth $3,384,000 after buying an additional 14,174 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.
NYSE:GMS opened at $79.58 on Friday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 14.63 and a beta of 1.72. 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 company's 50 day moving average price is $83.41 and its 200-day moving average price is $89.47. GMS Inc. has a 52 week low of $77.14 and a 52 week high of $105.54.
GMS (NYSE:GMS - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.30 earnings per share. On average, equities research analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.
GMS has been the topic of several research reports. Royal Bank of Canada restated a "sector perform" rating and set a $86.00 price target (up from $78.00) on shares of GMS in a research report on Friday, December 6th. Truist Financial upped their target price on shares of GMS from $90.00 to $97.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Barclays cut their price objective on shares of GMS from $93.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Loop Capital lifted their target price on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a report on Monday, November 25th. Finally, Robert W. Baird cut their price target on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, GMS presently has a consensus rating of "Hold" and a consensus target price of $93.57.
View Our Latest Stock Report on 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.
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