Edgestream Partners L.P. Sells 42,721 Shares of GMS Inc. (NYSE:GMS)

Edgestream Partners L.P. cut its holdings in GMS Inc. (NYSE:GMS) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,096 shares of the company’s stock after selling 42,721 shares during the period. Edgestream Partners L.P.’s holdings in GMS were worth $2,553,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GMS. Janney Montgomery Scott LLC boosted its holdings in GMS by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 24,797 shares of the company’s stock worth $2,246,000 after purchasing an additional 428 shares in the last quarter. Meritage Portfolio Management boosted its holdings in GMS by 11.5% in the third quarter. Meritage Portfolio Management now owns 4,747 shares of the company’s stock worth $430,000 after purchasing an additional 490 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in GMS by 0.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock worth $1,884,000 after purchasing an additional 113 shares in the last quarter. GSA Capital Partners LLP bought a new stake in GMS during the third quarter valued at about $245,000. Finally, Victory Capital Management Inc. boosted its holdings in GMS by 6.4% during the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after acquiring an additional 6,136 shares during the period. 95.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

GMS Stock Up 1.7 %

NYSE GMS opened at $74.17 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The firm has a 50-day simple moving average of $82.32 and a 200 day simple moving average of $88.85. GMS Inc. has a twelve month low of $65.88 and a twelve month high of $105.54. The stock has a market cap of $2.88 billion, a PE ratio of 13.63 and a beta of 1.73.

GMS (NYSE:GMS) last released its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. On average, research analysts forecast that GMS Inc. will post 7.26 EPS 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.