Handelsbanken Fonder AB Has $1.01 Million Holdings in GMS Inc. (NYSE:GMS)

Handelsbanken Fonder AB lifted its stake in shares of GMS Inc. (NYSE:GMS) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,937 shares of the company’s stock after buying an additional 2,500 shares during the period. Handelsbanken Fonder AB’s holdings in GMS were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after purchasing an additional 854,987 shares during the period. Pacer Advisors Inc. acquired a new stake in GMS in the fourth quarter valued at $109,277,000. Charles Schwab Investment Management Inc. increased its holdings in GMS by 0.5% in the third 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. increased its holdings in GMS by 2.3% in the fourth 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 holdings in GMS by 48.3% in the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after purchasing an additional 110,876 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GMS has been the topic of a number of research analyst reports. DA Davidson cut their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Truist Financial upped their price target on shares of GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th. Robert W. Baird cut 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. Finally, Loop Capital upped their price target on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.57.

GMS Price Performance

GMS stock opened at $79.34 on Friday. The stock has a market capitalization of $3.08 billion, a PE ratio of 14.58 and a beta of 1.72. The company’s 50-day moving average is $83.54 and its 200-day moving average is $89.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS Inc. has a 1 year low of $77.14 and a 1 year high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. GMS’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. Equities research analysts expect that GMS Inc. will post 7.26 EPS 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.