GMS Inc. (NYSE:GMS) Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. raised its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,444 shares of the company's stock after buying an additional 19,833 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 1.54% of GMS worth $50,596,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its stake in shares of GMS by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company's stock valued at $350,000 after acquiring an additional 131 shares during the period. Inspire Investing LLC boosted its holdings in GMS by 2.9% during the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock valued at $400,000 after acquiring an additional 134 shares during the period. Rockefeller Capital Management L.P. grew its position in GMS by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company's stock valued at $3,182,000 after acquiring an additional 148 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock worth $249,000 after purchasing an additional 211 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GMS shares. Barclays decreased their target price on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Robert W. Baird lowered their price objective on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Loop Capital cut their target price on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Truist Financial cut their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, Royal Bank of Canada reduced their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $80.50.

GMS Stock Performance

GMS stock traded down $0.24 during mid-day trading on Friday, hitting $73.29. The company had a trading volume of 173,674 shares, compared to its average volume of 427,623. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 13.47 and a beta of 1.62. The company's fifty day moving average is $74.05 and its 200-day moving average is $84.80. GMS Inc. has a 12-month low of $65.77 and a 12-month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Equities research analysts predict that GMS Inc. will post 7.26 EPS for the current year.

Insider Transactions at GMS

In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was a 28.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

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.