GMS Inc. (NYSE:GMS) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in GMS Inc. (NYSE:GMS) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,497 shares of the company’s stock after buying an additional 858 shares during the period. Illinois Municipal Retirement Fund’s holdings in GMS were worth $1,908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after buying an additional 285 shares during the period. KBC Group NV boosted its holdings in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after buying an additional 281 shares during the period. Stifel Financial Corp acquired a new position in shares of GMS in the 3rd quarter valued at about $222,000. Choreo LLC boosted its holdings in shares of GMS by 12.1% in the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after buying an additional 288 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in GMS during the 3rd quarter valued at about $232,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GMS. Royal Bank of Canada reissued a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Loop Capital boosted their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Truist Financial boosted their target price on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays reduced their target price on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird reduced their target price on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $93.57.

GMS Trading Up 0.3 %

Shares of NYSE:GMS opened at $79.58 on Friday. The company has a 50 day moving average of $83.41 and a 200-day moving average of $89.47. The firm has a market cap of $3.09 billion, a P/E ratio of 14.63 and a beta of 1.72. GMS Inc. has a twelve month low of $77.14 and a twelve month high of $105.54. 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 (NYSE:GMS) last issued its quarterly 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). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. As a group, analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

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.