GMS Inc. (NYSE:GMS) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in GMS Inc. (NYSE:GMSFree Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,979 shares of the company’s stock after selling 435 shares during the period. Franklin Resources Inc. owned 0.05% of GMS worth $1,812,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in GMS by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock worth $204,600,000 after purchasing an additional 14,005 shares during the period. Pacer Advisors Inc. boosted its stake in GMS by 57.5% during the 4th 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 period. Federated Hermes Inc. boosted its stake in GMS by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock worth $83,967,000 after purchasing an additional 76,417 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in GMS by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 558,631 shares of the company’s stock worth $46,048,000 after purchasing an additional 12,637 shares during the period. Finally, Reinhart Partners LLC. boosted its stake in GMS by 12.1% during the 4th quarter. Reinhart Partners LLC. now owns 478,108 shares of the company’s stock worth $39,410,000 after purchasing an additional 51,745 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Royal Bank of Canada upped their price objective 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. StockNews.com upgraded shares of GMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 29th. Barclays upped their price objective 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. Finally, Truist Financial upped their price objective 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. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

Check Out Our Latest Analysis on GMS

Insider Activity

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 value of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares in the company, valued at approximately $4,691,060.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 value of $611,436.28. Following the sale, the chief executive officer now directly owns 48,074 shares of the company’s stock, valued at approximately $4,691,060.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the chief operating officer now directly owns 23,261 shares in the company, valued at $2,244,453.89. The disclosure for this sale can be found here. Insiders sold 36,820 shares of company stock worth $3,561,192 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

GMS Stock Performance

Shares of GMS opened at $91.97 on Tuesday. The company has a 50-day simple moving average of $94.72 and a 200-day simple moving average of $86.82. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.66 billion, a PE ratio of 12.88 and a beta of 1.72. GMS Inc. has a 52-week low of $56.58 and a 52-week high of $101.04.

GMS Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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