Victory Capital Management Inc. Has $7.69 Million Stock Holdings in GMS Inc. (NYSE:GMS)

Victory Capital Management Inc. lowered its position in shares of GMS Inc. (NYSE:GMS) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,405 shares of the company’s stock after selling 3,756 shares during the quarter. Victory Capital Management Inc. owned 0.24% of GMS worth $7,691,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in GMS by 86.4% during the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after buying an additional 171 shares during the period. GAMMA Investing LLC boosted its holdings in shares of GMS by 107.6% in the first quarter. GAMMA Investing LLC now owns 793 shares of the company’s stock valued at $77,000 after buying an additional 411 shares during the period. EntryPoint Capital LLC bought a new stake in shares of GMS during the first quarter worth $77,000. LRI Investments LLC acquired a new stake in shares of GMS during the first quarter worth $127,000. Finally, TFO Wealth Partners LLC raised its holdings in shares of GMS by 174,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock worth $144,000 after acquiring an additional 1,740 shares during the period. Institutional investors own 95.28% of the company’s stock.

GMS Stock Up 2.1 %

Shares of GMS stock opened at $86.22 on Monday. GMS Inc. has a 52-week low of $56.58 and a 52-week high of $101.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 12.81 and a beta of 1.67. The firm’s 50-day moving average is $88.73 and its 200-day moving average is $90.72.

GMS (NYSE:GMS) last issued its earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that GMS Inc. will post 7.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird dropped their price target on GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Truist Financial reduced their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Royal Bank of Canada cut their price objective on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. Loop Capital decreased their target price on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Finally, Barclays cut their price target on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, GMS has a consensus rating of “Hold” and an average price target of $89.63.

Insider Buying and Selling at GMS

In other 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 approximately $963,804.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

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.