LSV Asset Management Trims Stake in GMS Inc. (NYSE:GMS)

LSV Asset Management lowered its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 637,220 shares of the company's stock after selling 15,100 shares during the period. LSV Asset Management owned about 1.64% of GMS worth $54,055,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC lifted its holdings in 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 acquiring an additional 325 shares during the period. Blue Trust Inc. raised its holdings in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after buying an additional 285 shares during the period. Smartleaf Asset Management LLC lifted its stake in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after purchasing an additional 705 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of GMS during the fourth quarter worth about $193,000. Finally, Stifel Financial Corp acquired a new position in shares of GMS in the third quarter worth $222,000. Hedge funds and other institutional investors own 95.28% of the company's stock.

GMS Stock Performance

NYSE GMS traded down $1.03 during trading on Wednesday, hitting $70.66. The company's stock had a trading volume of 115,047 shares, compared to its average volume of 415,269. The firm has a market cap of $2.71 billion, a P/E ratio of 12.99 and a beta of 1.62. 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 $75.83 and a 200 day moving average price of $85.69. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted 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). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. Equities research analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group set a $80.00 price objective on GMS in a research report on Friday, March 7th. DA Davidson lowered their target price on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Truist Financial reduced their price objective 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. Robert W. Baird reduced their price objective 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. Finally, Barclays cut their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $80.50.

Insider Buying and Selling at GMS

In related news, CEO John C. Turner, Jr. purchased 3,650 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company's stock, valued at approximately $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was 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 represents a 28.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.