GMS Inc. (NYSE:GMS) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its holdings in shares of GMS Inc. (NYSE:GMS) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,234 shares of the company’s stock after selling 318 shares during the quarter. Ritholtz Wealth Management’s holdings in GMS were worth $953,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC raised its position in GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after acquiring an additional 854,987 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in GMS by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company’s stock worth $53,803,000 after acquiring an additional 2,674 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of GMS by 2.3% during the fourth quarter. Reinhart Partners LLC. now owns 541,519 shares of the company’s stock worth $45,937,000 after purchasing an additional 12,099 shares during the last quarter. Verition Fund Management LLC grew its holdings in GMS by 48.3% in the 3rd quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after buying an additional 110,876 shares during the period. Finally, Sei Investments Co. grew its holdings in GMS by 4.7% in the second quarter. Sei Investments Co. now owns 234,012 shares of the company’s stock valued at $18,864,000 after purchasing an additional 10,416 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GMS. Loop Capital raised their price target on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Truist Financial raised their price target on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a research note on Friday, December 6th. DA Davidson decreased their price target on GMS from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Finally, Barclays lowered their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.57.

GMS Stock Performance

Shares of GMS opened at $84.26 on Monday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 15.49 and a beta of 1.73. GMS Inc. has a 12 month low of $77.29 and a 12 month high of $105.54. The firm has a fifty day simple moving average of $91.80 and a 200 day simple moving average of $90.59. 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 released its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The business 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 previous year, the business earned $2.30 earnings per share. 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 business’s stock in a transaction dated Monday, November 11th. The stock was 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 in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.