Martingale Asset Management L P Sells 31,678 Shares of GMS Inc. (NYSE:GMS)

Martingale Asset Management L P lessened its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 74.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,734 shares of the company's stock after selling 31,678 shares during the period. Martingale Asset Management L P's holdings in GMS were worth $972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company's stock worth $30,000 after acquiring an additional 171 shares during the last quarter. Quarry LP grew its stake in shares of GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company's stock worth $32,000 after acquiring an additional 109 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of GMS by 138.8% in the third quarter. GAMMA Investing LLC now owns 621 shares of the company's stock worth $56,000 after acquiring an additional 361 shares during the last quarter. KBC Group NV grew its stake in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company's stock worth $105,000 after acquiring an additional 281 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of GMS in the second quarter worth $121,000. Institutional investors and hedge funds own 95.28% of the company's stock.

Insider Transactions at GMS

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Loop Capital raised their target price on GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a research report on Monday, November 25th. Robert W. Baird raised their target price on GMS from $96.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Truist Financial lowered their target price on GMS from $95.00 to $90.00 and set a "hold" rating for the company in a research note on Friday, August 30th. Barclays lowered their price objective on GMS from $81.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, September 9th. Finally, StockNews.com lowered GMS from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $92.50.

GMS Stock Up 2.5 %

NYSE GMS traded up $2.55 during trading on Tuesday, hitting $102.68. The stock had a trading volume of 545,304 shares, compared to its average volume of 379,604. The company has a market capitalization of $4.03 billion, a PE ratio of 16.94 and a beta of 1.68. The company's 50-day moving average price is $94.86 and its two-hundred day moving average price is $90.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. GMS Inc. has a 12 month low of $68.13 and a 12 month high of $105.54.

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.