UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in GMS Inc. (NYSE:GMS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,782 shares of the company's stock after selling 9,734 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of GMS worth $6,864,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GMS. FMR LLC lifted its holdings in GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company's stock valued at $383,308,000 after buying an additional 854,987 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of GMS by 28.5% in the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company's stock valued at $147,583,000 after purchasing an additional 406,406 shares during the period. Pacer Advisors Inc. grew its stake in GMS by 0.4% in the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company's stock worth $118,885,000 after purchasing an additional 6,396 shares in the last quarter. Federated Hermes Inc. increased its holdings in GMS by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company's stock worth $85,128,000 after purchasing an additional 9,516 shares during the period. Finally, Westwood Holdings Group Inc. increased its holdings in GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company's stock worth $59,644,000 after purchasing an additional 34,205 shares during the period. Institutional investors own 95.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GMS. Loop Capital increased their price target 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 dropped their target price on shares of GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday. StockNews.com lowered shares of GMS from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Barclays increased their price objective on shares of GMS from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Truist Financial boosted their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a "hold" rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $94.13.

GMS Stock Down 2.4 %

NYSE:GMS traded down $2.35 during midday trading on Tuesday, reaching $95.13. 304,233 shares of the stock traded hands, compared to its average volume of 382,518. The stock has a market capitalization of $3.74 billion, a PE ratio of 17.49 and a beta of 1.68. GMS Inc. has a 12-month low of $71.33 and a 12-month high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The business has a 50-day moving average of $95.94 and a two-hundred day moving average of $91.00.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the prior year, the company posted $2.30 EPS. The business's revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that GMS Inc. will post 7.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.