Teacher Retirement System of Texas Buys 35,300 Shares of GMS Inc. (NYSE:GMS)

Teacher Retirement System of Texas boosted its stake in GMS Inc. (NYSE:GMS) by 229.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,697 shares of the company’s stock after acquiring an additional 35,300 shares during the period. Teacher Retirement System of Texas owned 0.13% of GMS worth $4,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its stake in shares of GMS by 77.9% in the 4th quarter. Intech Investment Management LLC now owns 29,374 shares of the company’s stock valued at $2,492,000 after purchasing an additional 12,863 shares during the last quarter. Cibc World Markets Corp bought a new stake in GMS during the fourth quarter valued at $313,000. Isthmus Partners LLC grew its holdings in GMS by 36.2% during the 4th quarter. Isthmus Partners LLC now owns 34,194 shares of the company’s stock worth $2,901,000 after acquiring an additional 9,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of GMS by 19.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,914 shares of the company’s stock worth $926,000 after acquiring an additional 1,811 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

Shares of NYSE GMS opened at $75.47 on Tuesday. 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’s 50-day simple moving average is $80.01 and its 200 day simple moving average is $87.59. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 13.87 and a beta of 1.73. GMS Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $105.54.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Loop Capital decreased their target price on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Barclays dropped their target price on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th. Truist Financial cut their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Finally, DA Davidson reduced 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $80.50.

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.