20,300 Shares in GMS Inc. (NYSE:GMS) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of GMS Inc. (NYSE:GMS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,300 shares of the company’s stock, valued at approximately $1,673,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in GMS by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,242,989 shares of the company’s stock worth $209,773,000 after purchasing an additional 154,926 shares during the period. State Street Corp increased its holdings in GMS by 0.5% during the 1st quarter. State Street Corp now owns 1,596,626 shares of the company’s stock worth $92,429,000 after purchasing an additional 7,235 shares during the period. Pacer Advisors Inc. increased its holdings in GMS by 57.5% during the 4th 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. Federated Hermes Inc. increased its holdings in GMS by 4.0% during the 3rd quarter. Federated Hermes Inc. now owns 942,225 shares of the company’s stock worth $60,274,000 after purchasing an additional 36,527 shares during the period. Finally, Geode Capital Management LLC increased its holdings in GMS by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 777,524 shares of the company’s stock worth $45,011,000 after purchasing an additional 24,791 shares during the period. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO George T. Hendren sold 10,554 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the transaction, the chief operating officer now directly owns 23,261 shares in the company, valued at approximately $2,244,453.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO George T. Hendren sold 10,554 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the transaction, the chief operating officer now directly owns 23,261 shares in the company, valued at approximately $2,244,453.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John C. Turner, Jr. sold 6,266 shares of GMS stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $97.58, for a total value of $611,436.28. Following the sale, the chief executive officer now directly owns 48,074 shares of the company’s stock, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. Insiders have sold a total of 36,820 shares of company stock worth $3,561,192 in the last ninety days. 1.90% of the stock is owned by insiders.

GMS Stock Up 0.1 %

Shares of GMS stock opened at $90.19 on Friday. GMS Inc. has a 1-year low of $54.59 and a 1-year high of $101.04. The stock’s fifty day moving average price is $92.89 and its 200 day moving average price is $79.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 12.63 and a beta of 1.73.

GMS (NYSE:GMS) last announced its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that GMS Inc. will post 8.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GMS. Stephens raised their price objective on GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Royal Bank of Canada lifted their price target on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a report on Friday, March 1st. StockNews.com downgraded GMS from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Truist Financial lifted their price target on GMS from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Robert W. Baird lifted their price target on GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, GMS currently has an average rating of “Moderate Buy” and a consensus price target of $89.63.

GMS 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.