GMS Inc. (NYSE:GMS) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in GMS Inc. (NYSE:GMS) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,910 shares of the company’s stock after purchasing an additional 666 shares during the quarter. QRG Capital Management Inc.’s holdings in GMS were worth $652,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GMS. Pacer Advisors Inc. grew its position in shares of 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 purchasing an additional 456,692 shares during the last quarter. Deutsche Bank AG grew its position in shares of GMS by 58.3% in the third quarter. Deutsche Bank AG now owns 270,444 shares of the company’s stock valued at $17,300,000 after purchasing an additional 99,612 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of GMS by 34.2% in the third quarter. Assenagon Asset Management S.A. now owns 312,191 shares of the company’s stock valued at $19,971,000 after purchasing an additional 79,561 shares during the last quarter. Federated Hermes Inc. grew its position 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 valued at $83,967,000 after purchasing an additional 76,417 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in GMS by 28.8% during the third quarter. Acadian Asset Management LLC now owns 259,075 shares of the company’s stock worth $16,565,000 after acquiring an additional 57,960 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO George T. Hendren sold 10,554 shares of the firm’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 transaction, the chief operating officer now owns 23,261 shares of the company’s stock, valued at approximately $2,244,453.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO George T. Hendren sold 10,554 shares of the firm’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 transaction, the chief operating officer now owns 23,261 shares of the company’s stock, valued at approximately $2,244,453.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Craig D. Apolinsky sold 20,000 shares of GMS 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,820 shares of company stock valued at $3,561,192. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th. Truist Financial raised their target price 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. StockNews.com lowered shares of GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada raised their target price 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. Finally, Stephens raised their target price 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, GMS presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

GMS Stock Up 0.7 %

Shares of GMS opened at $93.94 on Friday. The firm has a market cap of $3.74 billion, a PE ratio of 13.16 and a beta of 1.71. The company’s fifty day moving average is $94.75 and its two-hundred day moving average is $84.08. GMS Inc. has a fifty-two week low of $56.58 and a fifty-two week high of $101.04. 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 (NYSE:GMS) last issued 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 net margin of 5.48% and a return on equity of 25.65%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $1.85 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Analysts forecast that GMS Inc. will post 8.36 earnings per share for the current year.

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.