West Tower Group LLC Sells 500 Shares of GMS Inc. (NYSE:GMS)

West Tower Group LLC decreased its holdings in shares of GMS Inc. (NYSE:GMS) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the company’s stock after selling 500 shares during the period. GMS makes up about 1.9% of West Tower Group LLC’s holdings, making the stock its 14th largest holding. West Tower Group LLC’s holdings in GMS were worth $848,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GMS. AlphaQuest LLC lifted its stake in GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 last quarter. Smartleaf Asset Management LLC lifted its stake in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after purchasing an additional 705 shares during the last quarter. KBC Group NV lifted its stake in 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 purchasing an additional 281 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in GMS during the third quarter worth about $222,000. Institutional investors own 95.28% of the company’s stock.

GMS Stock Down 1.4 %

Shares of NYSE:GMS opened at $72.15 on Wednesday. GMS Inc. has a 1 year low of $65.88 and a 1 year high of $105.54. The company has a market cap of $2.77 billion, a PE ratio of 13.26 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The stock’s 50-day moving average is $80.61 and its 200 day moving average is $87.89.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Sell-side analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays decreased their price objective on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Truist Financial decreased their price objective on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 price objective on GMS in a report on Friday, March 7th. Loop Capital decreased their price objective on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Finally, DA Davidson decreased their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, GMS has a consensus rating of “Hold” and a consensus price target of $80.50.

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.