Foundry Partners LLC Purchases Shares of 3,732 GMS Inc. (NYSE:GMS)

Foundry Partners LLC acquired a new position in shares of GMS Inc. (NYSE:GMS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,732 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its position in GMS by 86.4% during the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC increased its position in shares of GMS by 107.6% during the first quarter. GAMMA Investing LLC now owns 793 shares of the company’s stock worth $77,000 after buying an additional 411 shares during the period. EntryPoint Capital LLC bought a new position in GMS during the first quarter worth $77,000. LRI Investments LLC acquired a new position in GMS in the first quarter valued at $127,000. Finally, TFO Wealth Partners LLC boosted its position in GMS by 174,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock valued at $144,000 after acquiring an additional 1,740 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GMS

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total transaction of $713,528.00. Following the completion of the sale, the senior vice president now owns 10,671 shares in the company, valued at $963,804.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

GMS has been the subject of several research analyst reports. StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. DA Davidson dropped their price target on GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Truist Financial reduced their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Robert W. Baird dropped their target price on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Finally, Royal Bank of Canada reduced their price target on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, June 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, GMS presently has a consensus rating of “Hold” and a consensus price target of $89.75.

GMS Stock Performance

Shares of GMS stock opened at $82.97 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.40. The firm has a 50-day moving average of $88.30 and a 200-day moving average of $90.93. GMS Inc. has a one year low of $56.58 and a one year high of $101.04. The company has a market cap of $3.29 billion, a P/E ratio of 12.33 and a beta of 1.67.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a net margin of 4.45% and a return on equity of 22.02%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $2.40 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that GMS Inc. will post 8.09 EPS for the current fiscal year.

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.