GMS Inc. (NYSE:GMS) Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in shares of GMS Inc. (NYSE:GMS) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,143 shares of the company’s stock after purchasing an additional 147 shares during the period. Yousif Capital Management LLC’s holdings in GMS were worth $1,108,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Summit Investment Advisors Inc. lifted its holdings in shares of GMS by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company’s stock valued at $350,000 after purchasing an additional 131 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in GMS by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company’s stock worth $3,182,000 after acquiring an additional 148 shares in the last quarter. Vise Technologies Inc. lifted its stake in GMS by 2.3% in the 4th quarter. Vise Technologies Inc. now owns 7,090 shares of the company’s stock worth $601,000 after acquiring an additional 162 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in GMS by 7.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $249,000 after acquiring an additional 211 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC lifted its stake in GMS by 4.0% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,536 shares of the company’s stock worth $470,000 after acquiring an additional 211 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

GMS has been the subject of several research analyst reports. Truist Financial set a $80.00 price objective on GMS in a research note on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating on shares of GMS in a research note on Tuesday. Robert W. Baird set a $93.00 price objective on GMS in a research note on Tuesday. Loop Capital reduced their price objective on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Finally, DA Davidson reduced their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, GMS presently has a consensus rating of “Hold” and a consensus price target of $80.50.

GMS Stock Up 10.8%

GMS stock opened at $81.12 on Thursday. The company has a market capitalization of $3.11 billion, a P/E ratio of 22.47 and a beta of 1.62. The firm’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $79.32. The company has a current ratio of 2.30, a quick ratio of 1.38 and a debt-to-equity ratio of 0.97. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54.

GMS (NYSE:GMS) last posted its earnings results on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.11 by $0.18. GMS had a net margin of 2.61% and a return on equity of 18.77%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $1.93 earnings per share. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal 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.