Everence Capital Management Inc. Trims Stock Position in GMS Inc. (NYSE:GMS)

Everence Capital Management Inc. decreased its holdings in GMS Inc. (NYSE:GMS) by 37.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,420 shares of the company’s stock after selling 2,630 shares during the period. Everence Capital Management Inc.’s holdings in GMS were worth $375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP boosted its position in shares of GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after acquiring an additional 109 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after buying an additional 361 shares during the period. KBC Group NV grew its stake in shares of GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after buying an additional 281 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of GMS during the 2nd quarter worth $121,000. Finally, Quest Partners LLC purchased a new position in shares of GMS in the 2nd quarter worth $144,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Wall Street Analysts Forecast Growth

GMS has been the topic of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $86.00 price objective (up from $78.00) on shares of GMS in a report on Friday, December 6th. Barclays lifted their price target on shares of GMS from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Loop Capital raised their target price on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Truist Financial upped their price target on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, DA Davidson cut their price objective on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $95.43.

GMS Stock Performance

GMS stock opened at $83.26 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The firm’s fifty day moving average price is $93.97 and its 200 day moving average price is $90.46. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 15.31 and a beta of 1.73. GMS Inc. has a 12-month low of $77.29 and a 12-month high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $2.30 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that GMS Inc. will post 7.41 EPS for the current fiscal year.

Insider Transactions at GMS

In related news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

GMS Company 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.