GMS Inc. (NYSE:GMS) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in GMS Inc. (NYSE:GMS) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 637,220 shares of the company’s stock after selling 15,100 shares during the period. LSV Asset Management’s holdings in GMS were worth $54,055,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its position in shares of GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. grew its stake in GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after buying an additional 705 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in GMS during the fourth quarter valued at approximately $193,000. Finally, Stifel Financial Corp acquired a new stake in GMS during the third quarter valued at approximately $222,000. 95.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GMS. Truist Financial lowered their price target on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. Loop Capital lowered their target price on shares of 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 report on Monday, March 10th. UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th. Finally, Robert W. Baird cut their target price on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Six equities research 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 presently has an average rating of “Hold” and a consensus target price of $80.50.

GMS Trading Down 2.5 %

Shares of NYSE:GMS opened at $71.85 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $76.51 and its 200 day moving average price is $86.04. The company has a market cap of $2.76 billion, a PE ratio of 13.21 and a beta of 1.62. GMS Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $105.54.

GMS (NYSE:GMS) last issued 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 company 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%. Sell-side analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current year.

Insider Buying and Selling

In other GMS news, CEO John C. Turner, Jr. bought 3,650 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $70.00 per share, with a total value of $255,500.00. Following the completion of the purchase, the chief executive officer now directly owns 66,928 shares in the company, valued at approximately $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the transaction, the director now owns 31,507 shares in the company, valued at approximately $2,314,504.22. This trade represents a 28.36 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

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.