GAMMA Investing LLC Invests $32,000 in GMS Inc. (NYSE:GMS)

GAMMA Investing LLC acquired a new position in shares of GMS Inc. (NYSE:GMS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 382 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after buying an additional 211 shares during the last quarter. CI Investments Inc. acquired a new stake in shares of GMS during the 3rd quarter worth $155,000. Allspring Global Investments Holdings LLC increased its holdings in shares of GMS by 9.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,602 shares of the company’s stock worth $230,000 after buying an additional 316 shares during the last quarter. AlphaMark Advisors LLC purchased a new stake in GMS during the 3rd quarter worth $234,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in GMS during the 3rd quarter worth $234,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GMS shares. Royal Bank of Canada upped their price target on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Truist Financial upped their price target on shares of GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Stephens upped their price target on shares of GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Robert W. Baird upped their price target on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, StockNews.com cut shares of GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.63.

Insider Transactions at GMS

In other news, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the transaction, the chief executive officer now owns 48,074 shares of the company’s stock, valued at $4,691,060.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO George T. Hendren sold 10,554 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $96.49, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $97.58, for a total transaction of $611,436.28. Following the sale, the chief executive officer now owns 48,074 shares in the company, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,820 shares of company stock valued at $3,561,192. Insiders own 1.90% of the company’s stock.

GMS Stock Performance

NYSE:GMS opened at $95.32 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47. GMS Inc. has a 1-year low of $55.88 and a 1-year high of $101.04. The firm has a 50-day moving average of $93.86 and a two-hundred day moving average of $81.85. The stock has a market cap of $3.79 billion, a P/E ratio of 13.35 and a beta of 1.71.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.60 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 previous year, the business posted $1.85 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts expect that GMS Inc. will post 8.36 earnings per share for the current fiscal year.

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.