Prudential Financial Inc. Decreases Position in GMS Inc. (NYSE:GMS)

Prudential Financial Inc. reduced its stake in shares of GMS Inc. (NYSE:GMS) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 144,232 shares of the company’s stock after selling 23,540 shares during the quarter. Prudential Financial Inc. owned 0.37% of GMS worth $12,235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC grew its position in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares in the last quarter. Blue Trust Inc. grew its holdings in GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after purchasing an additional 285 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in GMS by 246.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares in the last quarter. Stifel Financial Corp purchased a new stake in GMS during the 3rd quarter worth $222,000. Finally, Choreo LLC lifted its holdings in GMS by 12.1% in the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after buying an additional 288 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GMS. DA Davidson lowered their target price on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Loop Capital dropped their price objective on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Robert W. Baird reduced their target price on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Barclays dropped their price target on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Finally, Truist Financial reduced their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.50.

GMS Stock Performance

GMS stock opened at $73.80 on Friday. The company has a market cap of $2.83 billion, a PE ratio of 13.57 and a beta of 1.73. GMS Inc. has a 12 month low of $65.88 and a 12 month high of $105.54. The company has a fifty day moving average price of $79.38 and a two-hundred day moving average price of $87.31. 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 (NYSE:GMS) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Research analysts expect that GMS Inc. will post 7.26 earnings per share for the current 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.