1,348 Shares in GMS Inc. (NYSE:GMS) Purchased by LRI Investments LLC

LRI Investments LLC purchased a new stake in GMS Inc. (NYSE:GMS) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,348 shares of the company’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. purchased a new stake in GMS during the 1st quarter worth $68,693,000. LSV Asset Management boosted its holdings in shares of GMS by 174.7% during the first quarter. LSV Asset Management now owns 340,342 shares of the company’s stock valued at $33,129,000 after acquiring an additional 216,442 shares during the period. Interval Partners LP acquired a new position in GMS during the 1st quarter valued at about $8,761,000. Capital International Investors grew its holdings in GMS by 15.0% in the 4th quarter. Capital International Investors now owns 611,792 shares of the company’s stock worth $50,430,000 after buying an additional 79,792 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of GMS by 8.1% during 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 period. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

NYSE:GMS opened at $88.90 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $88.03 and its two-hundred day moving average price is $90.21. GMS Inc. has a 12-month low of $56.58 and a 12-month high of $101.04. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 13.21 and a beta of 1.62.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, June 20th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. GMS had a return on equity of 24.05% and a net margin of 5.02%. GMS’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. On average, analysts anticipate that GMS Inc. will post 8.64 earnings per share for the current year.

Insider Transactions at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of GMS stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total value of $713,528.00. Following the completion of the sale, the senior vice president now directly owns 10,671 shares of the company’s stock, valued at $963,804.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GMS shares. Truist Financial cut their price target on shares of GMS from $105.00 to $95.00 and set a “hold” rating for the company in a report on Friday, June 21st. DA Davidson cut their price objective on shares of GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research report on Tuesday, June 25th. Stephens cut their price objective on GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Loop Capital decreased their price target on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. Finally, Barclays decreased their price target on shares of GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

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.