Russell Investments Group Ltd. Sells 11,199 Shares of GMS Inc. (NYSE:GMS)

Russell Investments Group Ltd. cut its position in shares of GMS Inc. (NYSE:GMS) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,157 shares of the company’s stock after selling 11,199 shares during the period. Russell Investments Group Ltd.’s holdings in GMS were worth $8,096,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted 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 worth $103,068,000 after purchasing an additional 456,692 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of GMS by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock worth $83,967,000 after buying an additional 76,417 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of GMS by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 545,994 shares of the company’s stock worth $34,927,000 after acquiring an additional 9,381 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in GMS by 12.1% during the 4th quarter. Reinhart Partners LLC. now owns 478,108 shares of the company’s stock valued at $39,410,000 after acquiring an additional 51,745 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in GMS by 14.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 393,775 shares of the company’s stock valued at $25,190,000 after acquiring an additional 49,796 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on GMS shares. Truist Financial boosted their target price on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Barclays boosted their price objective 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 downgraded shares of GMS from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada increased their price objective on GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, GMS has a consensus rating of “Moderate Buy” and an average target price of $89.63.

GMS Trading Down 2.1 %

GMS opened at $94.46 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 13.23 and a beta of 1.71. GMS Inc. has a 12 month low of $56.58 and a 12 month high of $101.04. The stock has a fifty day moving average price of $94.02 and a 200-day moving average price of $82.39.

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

Insider Buying and Selling

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the sale, the senior vice president now directly owns 10,360 shares in the company, valued at $1,000,465.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Craig D. Apolinsky sold 20,000 shares of the 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 completion of the sale, the senior vice president now owns 10,360 shares in the company, valued at approximately $1,000,465.20. The sale was disclosed in a document filed 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 stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the transaction, 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 sold a total of 36,820 shares of company stock worth $3,561,192 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

About GMS

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.