Amalgamated Bank Sells 193 Shares of GMS Inc. (NYSE:GMS)

Amalgamated Bank reduced its stake in GMS Inc. (NYSE:GMS) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the company’s stock after selling 193 shares during the quarter. Amalgamated Bank’s holdings in GMS were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. raised its stake in GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after buying an additional 285 shares during the last quarter. KBC Group NV raised its position in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after purchasing an additional 281 shares during the last quarter. Stifel Financial Corp bought a new position in GMS in the 3rd quarter worth about $222,000. Oppenheimer Asset Management Inc. purchased a new stake in GMS during the 3rd quarter valued at about $232,000. Finally, Choreo LLC grew its position in GMS by 12.1% during the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Price Performance

NYSE GMS opened at $78.39 on Tuesday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 14.41 and a beta of 1.72. GMS Inc. has a 1-year low of $77.14 and a 1-year high of $105.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The business’s fifty day moving average price is $83.29 and its 200-day moving average price is $89.41.

GMS (NYSE:GMS) last posted its earnings results 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). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.30 EPS. On average, equities analysts predict that GMS Inc. will post 7.26 earnings per share for the current year.

Analyst Ratings Changes

GMS has been the subject of several recent analyst reports. Loop Capital lifted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. Robert W. Baird decreased their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Barclays reduced their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, Truist Financial upped their price target on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Six 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, the stock presently has a consensus rating of “Hold” and an average price target of $93.57.

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.