US Bancorp DE Has $146,000 Stock Position in GMS Inc. (NYSE:GMS)

US Bancorp DE decreased its position in GMS Inc. (NYSE:GMS - Free Report) by 84.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,612 shares of the company's stock after selling 8,579 shares during the period. US Bancorp DE's holdings in GMS were worth $146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GMS. Westwood Holdings Group Inc. acquired a new position in shares of GMS in the first quarter worth $68,693,000. American Century Companies Inc. increased its position in GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company's stock worth $147,583,000 after purchasing an additional 406,406 shares during the last quarter. LSV Asset Management raised its stake in shares of GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company's stock worth $55,687,000 after purchasing an additional 350,478 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of GMS during the 2nd quarter valued at about $24,601,000. Finally, Interval Partners LP bought a new stake in shares of GMS in the 1st quarter valued at approximately $8,761,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO George T. Hendren sold 5,000 shares of the firm'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 completion of the transaction, the chief operating officer now directly owns 23,772 shares of the company's stock, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on GMS. StockNews.com lowered shares of GMS from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Truist Financial decreased their price objective 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. Robert W. Baird boosted their price target on GMS from $96.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Barclays lowered their price objective on GMS from $81.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $91.50.

GMS Stock Performance

NYSE GMS traded up $0.16 during trading on Friday, hitting $99.90. The company's stock had a trading volume of 353,011 shares, compared to its average volume of 377,641. GMS Inc. has a 52 week low of $64.28 and a 52 week high of $103.56. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. The firm has a market cap of $3.92 billion, a P/E ratio of 16.49 and a beta of 1.68. The firm has a 50 day moving average price of $92.03 and a 200 day moving average price of $90.40.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing analysts' consensus estimates of $2.14 by ($0.21). GMS had a net margin of 4.45% and a return on equity of 22.02%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $2.40 earnings per share. GMS's revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts forecast that GMS Inc. will post 7.95 earnings per share 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.