GMS Inc. (NYSE:GMS) Position Reduced by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its position in shares of GMS Inc. (NYSE:GMS) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,854 shares of the company’s stock after selling 399 shares during the quarter. Dana Investment Advisors Inc. owned 0.05% of GMS worth $1,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of GMS by 25.3% in the 3rd 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 position in shares of GMS in the 4th quarter valued at about $109,277,000. Charles Schwab Investment Management Inc. increased its holdings in shares of GMS by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after purchasing an additional 15,664 shares during the period. Reinhart Partners LLC. increased its holdings in shares of GMS by 2.3% in 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 holdings in shares of GMS by 48.3% in the 3rd 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GMS shares. Loop Capital upped their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Barclays dropped their price objective on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. DA Davidson dropped their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada dropped their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.71.

GMS Stock Up 1.7 %

Shares of GMS stock opened at $74.17 on Friday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 13.63 and a beta of 1.73. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average price of $82.32 and a two-hundred day moving average price of $88.88. GMS Inc. has a 12-month low of $65.88 and a 12-month high of $105.54.

GMS (NYSE:GMS) last announced its 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). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Equities analysts expect that GMS Inc. will post 7.26 earnings per share for the current year.

GMS 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.