Rockefeller Capital Management L.P. Boosts Holdings in GMS Inc. (NYSE:GMS)

Rockefeller Capital Management L.P. raised its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 61.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,359 shares of the company's stock after buying an additional 14,174 shares during the period. Rockefeller Capital Management L.P. owned about 0.10% of GMS worth $3,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of GMS. FMR LLC increased its stake in GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company's stock worth $383,308,000 after buying an additional 854,987 shares during the period. American Century Companies Inc. increased its position in shares of GMS by 28.5% during the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company's stock worth $147,583,000 after acquiring an additional 406,406 shares during the period. LSV Asset Management raised its stake in shares of GMS by 103.0% in the second quarter. LSV Asset Management now owns 690,820 shares of the company's stock valued at $55,687,000 after acquiring an additional 350,478 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. purchased a new position in GMS in the second quarter valued at $24,601,000. Finally, Edgestream Partners L.P. purchased a new position in GMS in the second quarter valued at $5,402,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GMS shares. Robert W. Baird reduced their price target on GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday. Barclays raised their target price on shares of GMS from $80.00 to $93.00 and gave the company an "equal weight" rating in a report on Friday. Truist Financial lowered their price target on shares of GMS from $95.00 to $90.00 and set a "hold" rating for the company in a report on Friday, August 30th. Loop Capital increased their price objective on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $86.00 price objective (up from $78.00) on shares of GMS in a research report on Friday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, GMS presently has an average rating of "Hold" and an average target price of $93.25.

GMS Stock Down 0.7 %

Shares of NYSE:GMS traded down $0.70 during trading on Friday, hitting $97.06. 422,927 shares of the company were exchanged, compared to its average volume of 383,078. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45. The firm's 50 day moving average price is $95.68 and its 200-day moving average price is $91.02. The stock has a market capitalization of $3.81 billion, a P/E ratio of 16.02 and a beta of 1.68. GMS Inc. has a 12-month low of $68.13 and a 12-month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. GMS's revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.30 earnings per share. On average, research analysts predict that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Insider Activity

In other news, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale 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 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.