Sanctuary Advisors LLC Has $1.02 Million Stock Position in GMS Inc. (NYSE:GMS)

Sanctuary Advisors LLC reduced its position in shares of GMS Inc. (NYSE:GMS) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,802 shares of the company’s stock after selling 2,168 shares during the period. Sanctuary Advisors LLC’s holdings in GMS were worth $1,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its position in GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after acquiring an additional 854,987 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of GMS during the 4th quarter worth about $109,277,000. Charles Schwab Investment Management Inc. boosted its stake in GMS by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company’s stock valued at $53,803,000 after purchasing an additional 2,674 shares during the period. Reinhart Partners LLC. boosted its stake in GMS by 2.3% during the 4th quarter. Reinhart Partners LLC. now owns 541,519 shares of the company’s stock valued at $45,937,000 after purchasing an additional 12,099 shares during the period. Finally, Verition Fund Management LLC increased its position in GMS by 48.3% in the 3rd quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock worth $30,829,000 after buying an additional 110,876 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GMS shares. DA Davidson reduced their price objective on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Truist Financial increased their price target on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Robert W. Baird decreased their price target on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Finally, Barclays decreased their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, GMS has a consensus rating of “Hold” and a consensus target price of $93.57.

GMS Price Performance

Shares of GMS stock opened at $79.75 on Thursday. The firm has a market cap of $3.10 billion, a P/E ratio of 14.66 and a beta of 1.72. The firm’s 50-day simple moving average is $83.54 and its 200-day simple moving average is $89.54. GMS Inc. has a twelve month low of $77.14 and a twelve month high of $105.54. 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 (NYSE:GMS) last released its quarterly earnings data 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm posted $2.30 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

GMS Company 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.