GMS Inc. (NYSE:GMS) Shares Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. raised its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 541,519 shares of the company's stock after purchasing an additional 12,099 shares during the period. GMS accounts for approximately 1.8% of Reinhart Partners LLC.'s investment portfolio, making the stock its 24th biggest holding. Reinhart Partners LLC. owned about 1.40% of GMS worth $45,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GMS. Quarry LP increased its position in GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after buying an additional 109 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of GMS by 0.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company's stock valued at $1,884,000 after acquiring an additional 113 shares during the period. Inspire Investing LLC raised its stake in GMS by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 4,582 shares of the company's stock worth $415,000 after acquiring an additional 176 shares during the last quarter. Arizona State Retirement System lifted its position in GMS by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 10,595 shares of the company's stock worth $854,000 after acquiring an additional 199 shares during the period. Finally, Foundry Partners LLC grew its stake in GMS by 6.2% during the 3rd quarter. Foundry Partners LLC now owns 3,964 shares of the company's stock valued at $359,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

Insider Transactions at GMS

In related news, COO George T. Hendren sold 5,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares of the company's stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

GMS has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $86.00 target price (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. DA Davidson dropped their price objective on shares of GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a report on Friday, December 6th. Robert W. Baird reduced their target price on shares of GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, December 6th. Loop Capital upped their price target on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a report on Monday, November 25th. Finally, Truist Financial lifted their price objective on GMS from $90.00 to $97.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, GMS currently has an average rating of "Hold" and a consensus target price of $95.43.

GMS Price Performance

GMS stock traded up $0.43 during trading on Monday, hitting $80.51. The stock had a trading volume of 479,037 shares, compared to its average volume of 375,877. The company's 50-day moving average price is $93.21 and its two-hundred day moving average price is $90.48. GMS Inc. has a twelve month low of $77.29 and a twelve month high of $105.54. The stock has a market capitalization of $3.12 billion, a P/E ratio of 14.80 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. As a group, research analysts predict that GMS Inc. will post 7.41 EPS for the current fiscal year.

About GMS

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.