GMS Inc. (NYSE:GMS) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of GMS Inc. (NYSE:GMS) by 42.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,304 shares of the company’s stock after acquiring an additional 33,123 shares during the period. Assenagon Asset Management S.A.’s holdings in GMS were worth $9,357,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GMS. FMR LLC boosted its position in shares of GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after purchasing an additional 854,987 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of GMS in the third quarter valued at about $12,490,000. Verition Fund Management LLC boosted its holdings in GMS by 48.3% during the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock worth $30,829,000 after buying an additional 110,876 shares in the last quarter. Renaissance Technologies LLC grew its position in GMS by 95.4% during the second quarter. Renaissance Technologies LLC now owns 135,000 shares of the company’s stock worth $10,882,000 after buying an additional 65,900 shares during the period. Finally, Barclays PLC increased its holdings in GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after buying an additional 55,690 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Trading Up 2.3 %

GMS stock opened at $84.26 on Friday. The stock has a 50-day moving average price of $91.80 and a 200 day moving average price of $90.51. GMS Inc. has a 52 week low of $77.29 and a 52 week high of $105.54. The stock has a market cap of $3.27 billion, a PE ratio of 15.49 and a beta of 1.73. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. Equities research analysts predict that GMS Inc. will post 7.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GMS has been the topic of several research analyst reports. Loop Capital boosted their price target on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Barclays decreased their target price on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday. Truist Financial raised their price target on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Robert W. Baird decreased their price objective on shares of GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, GMS presently has an average rating of “Hold” and an average price target of $93.57.

Insider Buying and Selling at GMS

In other news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

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.