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

Assenagon Asset Management S.A. lifted its holdings in GMS Inc. (NYSE:GMS - Free Report) by 42.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,304 shares of the company's stock after buying an additional 33,123 shares during the period. Assenagon Asset Management S.A. owned approximately 0.28% of GMS worth $9,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP grew its holdings in GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC raised its stake in GMS by 138.8% during the third quarter. GAMMA Investing LLC now owns 621 shares of the company's stock worth $56,000 after purchasing an additional 361 shares during the period. KBC Group NV boosted its holdings in GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company's stock valued at $105,000 after purchasing an additional 281 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of GMS in the 2nd quarter valued at approximately $121,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of GMS during the 2nd quarter worth approximately $201,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GMS has been the subject of several analyst reports. DA Davidson lowered their price objective on GMS from $97.00 to $94.00 and set a "neutral" rating for the company in a research report on Friday, December 6th. Loop Capital increased their price target on GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a report on Monday, November 25th. 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. Robert W. Baird lowered their target price on shares of GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, December 6th. Finally, Truist Financial lifted their price target on shares of GMS from $90.00 to $97.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, GMS presently has a consensus rating of "Hold" and an average price target of $93.57.

GMS Trading Up 2.3 %

NYSE GMS traded up $1.87 during trading on Friday, hitting $84.26. The stock had a trading volume of 337,353 shares, compared to its average volume of 446,929. The company has a market capitalization of $3.27 billion, a PE ratio of 15.49 and a beta of 1.73. GMS Inc. has a twelve month low of $77.29 and a twelve month high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average price of $91.80 and a 200 day moving average price of $90.51.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share 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 for the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the previous year, the company earned $2.30 earnings per share. GMS's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that GMS Inc. will post 7.41 earnings per share for the current year.

Insider Transactions at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the sale, the chief operating officer now directly owns 23,772 shares of the company's stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company's stock.

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.