3,521 Shares in GMS Inc. (NYSE:GMS) Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC acquired a new position in GMS Inc. (NYSE:GMS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,521 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in GMS in the 4th quarter worth approximately $25,000. Ellevest Inc. raised its position in shares of GMS by 40.5% during the 1st quarter. Ellevest Inc. now owns 631 shares of the company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Point72 Hong Kong Ltd raised its position in shares of GMS by 41.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 958 shares of the company’s stock valued at $43,000 after acquiring an additional 279 shares during the last quarter. Royal Bank of Canada raised its position in shares of GMS by 32.5% during the 3rd quarter. Royal Bank of Canada now owns 1,153 shares of the company’s stock valued at $46,000 after acquiring an additional 283 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of GMS by 29.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,505 shares of the company’s stock valued at $100,000 after acquiring an additional 569 shares during the last quarter. Institutional investors own 97.88% of the company’s stock.

Analysts Set New Price Targets

GMS has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of GMS from $76.00 to $83.00 in a research report on Friday. Royal Bank of Canada boosted their price target on shares of GMS from $55.00 to $68.00 in a report on Friday, June 23rd. DA Davidson started coverage on shares of GMS in a report on Tuesday, August 22nd. They issued a “buy” rating and a $82.00 price target for the company. Barclays boosted their price target on shares of GMS from $67.00 to $75.00 in a report on Friday, June 23rd. Finally, StockNews.com lowered shares of GMS from a “strong-buy” rating to a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.88.

GMS Price Performance

GMS stock opened at $70.50 on Friday. The stock has a 50-day moving average price of $71.34 and a two-hundred day moving average price of $63.88. The stock has a market cap of $2.86 billion, a PE ratio of 9.00 and a beta of 1.87. The company has a current ratio of 2.19, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. GMS Inc. has a 1 year low of $38.31 and a 1 year high of $76.14.

GMS (NYSE:GMS) last released its earnings results on Thursday, August 31st. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.01. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. GMS had a return on equity of 32.45% and a net margin of 6.25%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. Equities analysts forecast that GMS Inc. will post 8.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other GMS news, SVP Craig D. Apolinsky sold 16,950 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $71.48, for a total transaction of $1,211,586.00. Following the completion of the transaction, the senior vice president now owns 9,870 shares in the company, valued at approximately $705,507.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Coliseum Capital Management, L sold 171,430 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $70.14, for a total value of $12,024,100.20. Following the completion of the transaction, the insider now owns 3,763,783 shares in the company, valued at approximately $263,991,739.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Craig D. Apolinsky sold 16,950 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $71.48, for a total value of $1,211,586.00. Following the completion of the transaction, the senior vice president now owns 9,870 shares of the company’s stock, valued at approximately $705,507.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,717,270 shares of company stock worth $115,788,574. Corporate insiders own 1.60% of the company’s stock.

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.