Strs Ohio Has $1.10 Million Holdings in GMS Inc. (NYSE:GMS)

Strs Ohio lessened its position in GMS Inc. (NYSE:GMS) by 17.3% in the fourth quarter, HoldingsChannel reports. The fund owned 13,400 shares of the company’s stock after selling 2,800 shares during the quarter. Strs Ohio’s holdings in GMS were worth $1,104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in GMS by 57.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after acquiring an additional 456,692 shares during the period. Federated Hermes Inc. boosted its position in shares of GMS by 4.0% during the third quarter. Federated Hermes Inc. now owns 942,225 shares of the company’s stock valued at $60,274,000 after buying an additional 36,527 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of GMS by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 545,994 shares of the company’s stock valued at $34,927,000 after buying an additional 9,381 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of GMS by 12.1% during the fourth quarter. Reinhart Partners LLC. now owns 478,108 shares of the company’s stock valued at $39,410,000 after buying an additional 51,745 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of GMS by 14.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 393,775 shares of the company’s stock valued at $25,190,000 after buying an additional 49,796 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Up 2.2 %

GMS stock opened at $92.77 on Wednesday. The stock has a market cap of $3.69 billion, a P/E ratio of 12.97 and a beta of 1.73. The stock’s fifty day simple moving average is $92.95 and its two-hundred day simple moving average is $79.78. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. GMS Inc. has a 1-year low of $54.59 and a 1-year high of $101.04.

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

Insider Buying and Selling at GMS

In other GMS 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 value of $1,018,355.46. Following the sale, the chief operating officer now directly owns 23,261 shares in the company, valued at $2,244,453.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Craig D. Apolinsky sold 20,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 10,360 shares in the company, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO George T. Hendren sold 10,554 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. 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 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com cut GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Truist Financial lifted their target price on GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their target price on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Robert W. Baird lifted their target price on GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Barclays lifted their target price on GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Four research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.63.

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.