Brandywine Global Investment Management LLC Has $8.43 Million Stock Position in GMS Inc. (NYSE:GMS)

Brandywine Global Investment Management LLC reduced its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,365 shares of the company's stock after selling 3,565 shares during the period. Brandywine Global Investment Management LLC owned about 0.26% of GMS worth $8,429,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in shares of GMS by 61.8% during the third quarter. Citigroup Inc. now owns 49,733 shares of the company's stock worth $4,504,000 after purchasing an additional 18,998 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of GMS by 61.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company's stock valued at $3,384,000 after buying an additional 14,174 shares during the last quarter. Paloma Partners Management Co acquired a new stake in GMS during the third quarter worth about $270,000. Janus Henderson Group PLC lifted its holdings in GMS by 2.0% in the third quarter. Janus Henderson Group PLC now owns 67,481 shares of the company's stock worth $6,112,000 after acquiring an additional 1,345 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in GMS by 59.0% in the third quarter. Quadrature Capital Ltd now owns 5,905 shares of the company's stock valued at $535,000 after acquiring an additional 2,190 shares during the period. 95.28% of the stock is currently owned by institutional investors.

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GMS Price Performance

Shares of GMS stock traded up $0.94 during midday trading on Friday, reaching $72.02. 623,284 shares of the company were exchanged, compared to its average volume of 410,742. The company's 50 day moving average price is $78.25 and its two-hundred day moving average price is $86.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The company has a market cap of $2.76 billion, a P/E ratio of 13.24 and a beta of 1.62. GMS Inc. has a 12 month low of $65.88 and a 12 month high of $105.54.

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

Analyst Ratings Changes

GMS has been the topic of a number of research reports. Barclays dropped their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Truist Financial dropped their target price on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Loop Capital reduced their price target on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a report on Monday, March 10th. UBS Group set a $80.00 price objective on shares of GMS in a report on Friday, March 7th. Finally, Robert W. Baird reduced their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, GMS has a consensus rating of "Hold" and an average target price of $80.50.

Insider Transactions at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the sale, the director now directly owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.