Aristides Capital LLC Grows Holdings in GMS Inc. (NYSE:GMS)

Aristides Capital LLC lifted its position in shares of GMS Inc. (NYSE:GMS) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,327 shares of the company’s stock after buying an additional 932 shares during the quarter. Aristides Capital LLC’s holdings in GMS were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Inspire Investing LLC boosted its position in GMS by 2.9% during the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock worth $400,000 after acquiring an additional 134 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of GMS by 7.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $249,000 after purchasing an additional 211 shares during the period. Blue Trust Inc. boosted its holdings in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares during the last quarter. Choreo LLC grew its position in shares of GMS by 12.1% in the fourth quarter. Choreo LLC now owns 2,668 shares of the company’s stock valued at $227,000 after purchasing an additional 288 shares during the period. Finally, AlphaQuest LLC increased its stake in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Trading Up 1.3 %

NYSE:GMS opened at $72.02 on Monday. The business’s 50-day moving average is $78.25 and its two-hundred day moving average is $86.84. The firm has a market capitalization of $2.76 billion, a PE ratio of 13.24 and a beta of 1.62. GMS Inc. has a 12 month low of $65.88 and a 12 month high of $105.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Research analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity at GMS

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 value of $916,340.04. Following the completion of the transaction, the director now directly owns 31,507 shares of the company’s stock, valued at $2,314,504.22. This represents a 28.36 % decrease in their position. The transaction was disclosed in a 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 brokerages have issued reports on GMS. Royal Bank of Canada decreased their price target on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Loop Capital lowered their target price on shares of GMS from $93.00 to $80.00 and set a “hold” rating for the company in a report on Monday, March 10th. Truist Financial dropped their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, March 7th. UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th. Finally, DA Davidson cut 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. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, GMS presently has a consensus rating of “Hold” and a consensus target price of $80.50.

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.