Vanguard Group Inc. Has $433.56 Million Holdings in GMS Inc. (NYSE:GMS)

Vanguard Group Inc. cut its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,110,976 shares of the company's stock after selling 141,362 shares during the period. Vanguard Group Inc. owned 13.17% of GMS worth $433,564,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company's stock worth $6,392,000 after purchasing an additional 55,690 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after buying an additional 705 shares in the last quarter. Vestcor Inc boosted its position in shares of GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company's stock valued at $1,298,000 after acquiring an additional 5,972 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of GMS by 61.1% in the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company's stock valued at $3,384,000 after acquiring an additional 14,174 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in GMS by 42.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company's stock worth $9,357,000 after acquiring an additional 33,123 shares during the period. Institutional investors own 95.28% of the company's stock.

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Insider Activity at GMS

In other GMS news, 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 completion of the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. This trade represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

GMS Price Performance

Shares of GMS stock traded up $0.94 on Friday, reaching $72.02. The company had a trading volume of 623,284 shares, compared to its average volume of 410,742. The stock has a market capitalization of $2.76 billion, a PE ratio of 13.24 and a beta of 1.62. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The business's 50-day moving average is $78.25 and its 200 day moving average is $86.89. GMS Inc. has a one year low of $65.88 and a one year 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Equities research analysts forecast that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Loop Capital cut their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a report on Monday, March 10th. UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th. Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, March 7th. DA Davidson cut their target price on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Barclays decreased their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, GMS currently has a consensus rating of "Hold" and a consensus price target of $80.50.

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.