Barclays PLC Has $6.39 Million Stock Holdings in GMS Inc. (NYSE:GMS)

Barclays PLC grew its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 374.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 70,580 shares of the company's stock after acquiring an additional 55,690 shares during the quarter. Barclays PLC owned about 0.18% of GMS worth $6,392,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its holdings in shares of GMS by 16.1% in the third quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company's stock valued at $3,886,000 after acquiring an additional 5,936 shares in the last quarter. XTX Topco Ltd bought a new position in GMS during the 3rd quarter valued at $1,437,000. Weiss Asset Management LP acquired a new position in shares of GMS during the 3rd quarter valued at $12,490,000. Stifel Financial Corp bought a new stake in shares of GMS in the 3rd quarter worth $222,000. Finally, Systematic Financial Management LP acquired a new stake in shares of GMS in the third quarter valued at $333,000. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Trading Up 0.7 %

GMS stock traded up $0.57 during midday trading on Friday, reaching $86.01. The stock had a trading volume of 2,674,295 shares, compared to its average volume of 393,542. The firm's fifty day simple moving average is $95.78 and its two-hundred day simple moving average is $90.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS Inc. has a twelve month low of $77.01 and a twelve month high of $105.54. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 15.81 and a beta of 1.68.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the prior year, the firm posted $2.30 EPS. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that GMS Inc. will post 7.41 EPS for the current fiscal year.

Insider Transactions at GMS

In other 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 transaction, the chief operating officer now directly owns 23,772 shares of the company's stock, valued at approximately $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 can be accessed through this link. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on GMS. Loop Capital lifted their target price on GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a report on Monday, November 25th. DA Davidson dropped their target price on shares of GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a report on Friday, December 6th. Royal Bank of Canada restated a "sector perform" rating and set a $86.00 target price (up from $78.00) on shares of GMS in a report on Friday, December 6th. Truist Financial upped their price target on GMS from $90.00 to $97.00 and gave the company a "hold" rating in a report on Monday, December 9th. Finally, Robert W. Baird cut their price objective on GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, GMS presently has an average rating of "Hold" and a consensus target price of $95.43.

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.