Nisa Investment Advisors LLC Decreases Stake in GMS Inc. (NYSE:GMS)

Nisa Investment Advisors LLC reduced its holdings in GMS Inc. (NYSE:GMS) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the company’s stock after selling 300 shares during the period. Nisa Investment Advisors LLC’s holdings in GMS were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GMS. Wellington Management Group LLP purchased a new position in shares of GMS in the first quarter worth about $28,532,000. Pacer Advisors Inc. raised its stake in GMS by 57.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock worth $103,068,000 after purchasing an additional 456,692 shares during the period. Envestnet Asset Management Inc. raised its stake in GMS by 3,313.0% during the first quarter. Envestnet Asset Management Inc. now owns 462,185 shares of the company’s stock worth $1,183,000 after purchasing an additional 448,643 shares during the period. Millennium Management LLC raised its stake in GMS by 392.3% during the second quarter. Millennium Management LLC now owns 436,444 shares of the company’s stock worth $19,422,000 after purchasing an additional 347,783 shares during the period. Finally, Morgan Stanley raised its stake in GMS by 66.6% during the fourth quarter. Morgan Stanley now owns 523,918 shares of the company’s stock worth $26,091,000 after purchasing an additional 209,513 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GMS shares. Royal Bank of Canada lifted their price target on shares of GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Truist Financial lifted their price target on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Barclays lifted their price target on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. StockNews.com cut shares of GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Stephens lifted their price target on shares of GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

GMS Trading Down 1.7 %

Shares of GMS stock opened at $91.11 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.47 and a current ratio of 2.40. The stock has a market capitalization of $3.63 billion, a P/E ratio of 12.76 and a beta of 1.73. The company has a 50 day moving average price of $92.79 and a 200 day moving average price of $79.08. GMS Inc. has a fifty-two week low of $54.59 and a fifty-two week high of $101.04.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. Equities research analysts predict that GMS Inc. will post 8.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John C. Turner, Jr. sold 6,266 shares of GMS stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares in the company, valued at $4,691,060.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John C. Turner, Jr. sold 6,266 shares of GMS stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares in the company, valued at $4,691,060.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The disclosure for this sale can be found here. Insiders sold 36,820 shares of company stock worth $3,561,192 over the last 90 days. 1.90% of the stock is owned by 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.