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

Teacher Retirement System of Texas grew its holdings in shares of GMS Inc. (NYSE:GMS) by 229.3% in the 4th quarter, HoldingsChannel reports. The firm owned 50,697 shares of the company’s stock after acquiring an additional 35,300 shares during the quarter. Teacher Retirement System of Texas’ holdings in GMS were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after buying an additional 854,987 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of GMS during the 4th quarter worth approximately $109,277,000. Charles Schwab Investment Management Inc. raised 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 worth $51,722,000 after purchasing an additional 15,664 shares during the period. Reinhart Partners LLC. lifted its stake in GMS by 2.3% in the fourth 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 last quarter. Finally, Verition Fund Management LLC grew its holdings in GMS by 48.3% during the third 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 currently owned by institutional investors.

GMS Stock Up 4.0 %

GMS opened at $75.47 on Tuesday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 13.87 and a beta of 1.73. GMS Inc. has a one year low of $65.88 and a one year high of $105.54. The company has a fifty day moving average price of $80.01 and a 200-day moving average price of $87.59. 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 posted its earnings results on Thursday, March 6th. The company reported $0.92 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Equities research analysts expect that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

GMS has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. UBS Group set a $80.00 price objective on shares of GMS in a report on Friday, March 7th. DA Davidson lowered their price target on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Finally, Barclays lowered their target price on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, GMS has a consensus 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.