Rhumbline Advisers Has $7.86 Million Stock Holdings in GMS Inc. (NYSE:GMS)

Rhumbline Advisers lowered its position in shares of GMS Inc. (NYSE:GMS) by 1.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,399 shares of the company’s stock after selling 1,841 shares during the quarter. Rhumbline Advisers owned about 0.28% of GMS worth $7,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after buying an additional 705 shares in the last quarter. AlphaQuest LLC increased its position in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 325 shares during the period. Deutsche Bank AG raised its stake in GMS by 26.7% in the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company’s stock valued at $4,176,000 after purchasing an additional 10,377 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in GMS by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after purchasing an additional 15,664 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in GMS by 0.6% in the fourth quarter. Victory Capital Management Inc. now owns 102,134 shares of the company’s stock valued at $8,664,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO John C. Turner, Jr. acquired 3,650 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $70.00 per share, with a total value of $255,500.00. Following the completion of the purchase, the chief executive officer now directly owns 66,928 shares in the company, valued at $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. This represents a 28.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

GMS Stock Performance

NYSE:GMS opened at $79.52 on Wednesday. The stock’s 50-day moving average is $73.92 and its 200-day moving average is $80.17. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The stock has a market cap of $3.05 billion, a P/E ratio of 14.62 and a beta of 1.62. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54.

Analyst Ratings Changes

A number of research firms recently commented on GMS. Robert W. Baird dropped their price target on GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. DA Davidson decreased their target price on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Loop Capital decreased their target price on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. UBS Group set a $80.00 target price on GMS in a research report on Friday, March 7th. Finally, Truist Financial reduced their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $80.50.

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.