Renaissance Technologies LLC Has $5.36 Million Position in GMS Inc. (NYSE:GMS)

Renaissance Technologies LLC reduced its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 58.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,200 shares of the company's stock after selling 87,600 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of GMS worth $5,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in GMS by 8.5% in the 4th quarter. Bank of Montreal Can now owns 6,359 shares of the company's stock valued at $539,000 after buying an additional 499 shares during the period. FMR LLC boosted its position in shares of GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company's stock worth $497,849,000 after acquiring an additional 1,636,612 shares in the last quarter. Aristides Capital LLC increased its stake in GMS by 38.9% in the fourth quarter. Aristides Capital LLC now owns 3,327 shares of the company's stock valued at $282,000 after acquiring an additional 932 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in GMS during the fourth quarter valued at approximately $280,000. Finally, Envestnet Asset Management Inc. lifted its stake in GMS by 10.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 25,448 shares of the company's stock worth $2,159,000 after purchasing an additional 2,410 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GMS has been the topic of several recent analyst reports. Truist Financial decreased their price target on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Robert W. Baird lowered their target price on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. DA Davidson reduced their price target on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Finally, UBS Group set a $80.00 price target on GMS in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $80.50.

Insiders Place Their Bets

In other news, CEO John C. Turner, Jr. bought 3,650 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,928 shares in the company, valued at approximately $4,684,960. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Theron I. Gilliam sold 12,474 shares of the stock in a transaction dated 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. The trade was 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 Trading Up 3.3 %

Shares of GMS stock traded up $2.33 during trading on Thursday, hitting $73.69. The company's stock had a trading volume of 107,632 shares, compared to its average volume of 414,806. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 13.56 and a beta of 1.62. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54. The stock has a 50-day moving average price of $74.24 and a two-hundred day moving average price of $84.92. 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 released its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. Equities research analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

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.