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

Vanguard Group Inc. lowered its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 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 quarter. Vanguard Group Inc. owned approximately 13.17% of GMS worth $433,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GMS. Pacer Advisors Inc. acquired a new position in shares of GMS during the fourth quarter worth approximately $109,277,000. Weiss Asset Management LP acquired a new position in shares of GMS during the third quarter valued at $12,490,000. Barclays PLC lifted its stake in shares of GMS by 374.0% during the third quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after acquiring an additional 55,690 shares during the period. KBC Group NV boosted its holdings in GMS by 4,496.9% in the fourth quarter. KBC Group NV now owns 53,416 shares of the company's stock valued at $4,531,000 after acquiring an additional 52,254 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in GMS by 229.3% during the 4th quarter. Teacher Retirement System of Texas now owns 50,697 shares of the company's stock worth $4,301,000 after purchasing an additional 35,300 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Stock Up 1.3 %

Shares of NYSE GMS traded up $0.94 during mid-day trading on Friday, reaching $72.02. 623,284 shares of the company's stock were exchanged, compared to its average volume of 410,976. GMS Inc. has a twelve month low of $65.88 and a twelve month high of $105.54. 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 firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 13.24 and a beta of 1.62. The business has a fifty day simple moving average of $78.25 and a 200 day simple moving average of $86.84.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. As a group, equities analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Insider Activity at GMS

In related news, Director Theron I. Gilliam sold 12,474 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the transaction, the director now owns 31,507 shares in the company, valued at approximately $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

GMS has been the subject of several analyst reports. Robert W. Baird lowered their price target on shares of GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Truist Financial reduced their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Barclays dropped their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. UBS Group set a $80.00 price objective on GMS in a research note on Friday, March 7th. Finally, DA Davidson dropped their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, GMS presently has an average rating of "Hold" and an average target price 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.