Intech Investment Management LLC Buys 9,876 Shares of GMS Inc. (NYSE:GMS)

Intech Investment Management LLC boosted its holdings in GMS Inc. (NYSE:GMS - Free Report) by 148.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,511 shares of the company's stock after acquiring an additional 9,876 shares during the quarter. Intech Investment Management LLC's holdings in GMS were worth $1,495,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company's stock valued at $147,583,000 after acquiring an additional 406,406 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of GMS by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company's stock worth $118,885,000 after buying an additional 6,396 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of GMS by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company's stock worth $85,128,000 after buying an additional 9,516 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company's stock worth $59,644,000 after buying an additional 34,205 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company's stock worth $55,687,000 after buying an additional 350,478 shares in the last quarter. Institutional investors own 95.28% of the company's stock.

Insider Activity

In other news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction on Monday, November 11th. The shares were 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 approximately $2,427,834.36. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

GMS Price Performance

Shares of GMS traded down $3.36 during mid-day trading on Tuesday, reaching $100.48. 410,997 shares of the stock traded hands, compared to its average volume of 379,483. The firm has a fifty day moving average price of $93.90 and a 200 day moving average price of $90.62. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 17.13 and a beta of 1.68. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. GMS Inc. has a 1 year low of $65.46 and a 1 year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.21). The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 earnings per share. As a group, equities research analysts predict that GMS Inc. will post 7.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GMS shares. Barclays dropped their target price on shares of GMS from $81.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, September 9th. StockNews.com lowered shares of GMS from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Truist Financial decreased their price target on shares of GMS from $95.00 to $90.00 and set a "hold" rating for the company in a research note on Friday, August 30th. Robert W. Baird raised their price target on shares of GMS from $96.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, 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 note on Monday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $92.50.

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.