Xponance Inc. Has $444,000 Holdings in GMS Inc. (NYSE:GMS)

Xponance Inc. lowered its stake in shares of GMS Inc. (NYSE:GMS) by 4.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,385 shares of the company’s stock after selling 241 shares during the quarter. Xponance Inc.’s holdings in GMS were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GMS. Blue Trust Inc. boosted its holdings in shares of GMS by 131.1% in the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of GMS in the 3rd quarter valued at $155,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of GMS by 9.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,602 shares of the company’s stock valued at $230,000 after purchasing an additional 316 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of GMS in the 3rd quarter valued at $234,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of GMS in the 3rd quarter valued at $234,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Up 0.0 %

Shares of NYSE:GMS opened at $92.89 on Friday. The firm has a market cap of $3.70 billion, a P/E ratio of 13.01 and a beta of 1.73. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. GMS Inc. has a 12-month low of $54.99 and a 12-month high of $101.04. The business has a fifty day simple moving average of $93.33 and a 200 day simple moving average of $80.49.

GMS (NYSE:GMS) last announced 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). GMS had a return on equity of 25.65% and a net margin of 5.48%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that GMS Inc. will post 8.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

GMS has been the subject of a number of research reports. Royal Bank of Canada increased their price target on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. StockNews.com upgraded GMS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Stephens increased their price target on GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Robert W. Baird increased their price target on GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Barclays increased their price target on GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, GMS has an average rating of “Moderate Buy” and an average price target of $89.63.

Insider Transactions at GMS

In other news, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the transaction, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the chief executive officer now directly owns 48,074 shares of the company’s stock, valued at $4,691,060.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,820 shares of company stock valued at $3,561,192. Corporate insiders own 1.90% of the company’s stock.

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.