Van Lanschot Kempen Investment Management N.V. Buys 19,833 Shares of GMS Inc. (NYSE:GMS)

Van Lanschot Kempen Investment Management N.V. grew its position in shares of GMS Inc. (NYSE:GMS) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 596,444 shares of the company’s stock after purchasing an additional 19,833 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 1.54% of GMS worth $50,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp bought a new position in GMS during the third quarter worth $222,000. Barclays PLC raised its position in shares of GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock worth $6,392,000 after acquiring an additional 55,690 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of GMS by 6.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 90,374 shares of the company’s stock valued at $8,185,000 after purchasing an additional 5,833 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of GMS by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 45,151 shares of the company’s stock valued at $3,830,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Reinhart Partners LLC. grew its stake in GMS by 2.3% during the fourth quarter. Reinhart Partners LLC. now owns 541,519 shares of the company’s stock worth $45,937,000 after purchasing an additional 12,099 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insider Buying and Selling at GMS

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

GMS Stock Performance

Shares of GMS stock opened at $70.72 on Monday. The company has a market cap of $2.71 billion, a PE ratio of 13.00 and a beta of 1.62. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54. The business has a 50 day moving average price of $75.01 and a 200-day moving average price of $85.25.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GMS shares. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Robert W. Baird dropped their price objective 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. Royal Bank of Canada cut their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. DA Davidson decreased their target price on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Truist Financial cut their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Six research 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 presently has a consensus rating of “Hold” and an average target price 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.