Bridgewater Associates LP Sells 9,743 Shares of GMS Inc. (NYSE:GMS)

Bridgewater Associates LP decreased its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,276 shares of the company's stock after selling 9,743 shares during the quarter. Bridgewater Associates LP's holdings in GMS were worth $1,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC raised its holdings in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after purchasing an additional 285 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after purchasing an additional 705 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of GMS in the fourth quarter valued at approximately $193,000. Finally, Stifel Financial Corp acquired a new stake in shares of GMS in the third quarter valued at approximately $222,000. Institutional investors own 95.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GMS shares. Barclays lowered their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Truist Financial reduced their target price on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, March 7th. Loop Capital decreased their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. UBS Group set a $80.00 target price on shares of GMS in a research note on Friday, March 7th. Finally, Royal Bank of Canada decreased their target price on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $80.50.

Insider Transactions at GMS

In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the purchase, the chief executive officer now owns 66,928 shares of the company's stock, valued at approximately $4,684,960. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the sale, the director now owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. This trade represents a 28.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

GMS Trading Up 2.5 %

GMS stock traded up $1.77 during midday trading on Thursday, hitting $73.13. The stock had a trading volume of 31,865 shares, compared to its average volume of 414,448. The firm has a market cap of $2.81 billion, a P/E ratio of 13.45 and a beta of 1.62. 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 Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The business has a fifty day moving average price of $74.24 and a two-hundred day moving average price of $84.92.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, sell-side analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

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.