Sei Investments Co. Buys 10,297 Shares of GMS Inc. (NYSE:GMS)

Sei Investments Co. boosted its stake in GMS Inc. (NYSE:GMS) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 231,035 shares of the company’s stock after acquiring an additional 10,297 shares during the period. Sei Investments Co.’s holdings in GMS were worth $19,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GMS. Quantbot Technologies LP bought a new stake in shares of GMS in the 4th quarter valued at about $1,105,000. Teacher Retirement System of Texas grew its holdings in GMS by 229.3% during the fourth quarter. Teacher Retirement System of Texas now owns 50,697 shares of the company’s stock valued at $4,301,000 after purchasing an additional 35,300 shares during the period. Intech Investment Management LLC increased its stake in GMS by 77.9% in the fourth quarter. Intech Investment Management LLC now owns 29,374 shares of the company’s stock valued at $2,492,000 after purchasing an additional 12,863 shares in the last quarter. Cibc World Markets Corp acquired a new stake in GMS in the fourth quarter worth $313,000. Finally, Isthmus Partners LLC boosted its position in shares of GMS by 36.2% during the fourth quarter. Isthmus Partners LLC now owns 34,194 shares of the company’s stock worth $2,901,000 after purchasing an additional 9,083 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Down 0.8 %

Shares of GMS stock opened at $75.42 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 13.86 and a beta of 1.73. The business’s 50 day simple moving average is $79.59 and its 200 day simple moving average is $87.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS Inc. has a 52-week low of $65.88 and a 52-week high of $105.54.

GMS (NYSE:GMS) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.29 billion. On average, analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GMS has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. UBS Group set a $80.00 price target on GMS in a report on Friday, March 7th. DA Davidson dropped their price target on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Truist Financial decreased their price objective on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Finally, Loop Capital dropped their target price on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.