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XTX Topco Ltd Makes New $1.44 Million Investment in GMS Inc. (NYSE:GMS)

GMS logo with Retail/Wholesale background

XTX Topco Ltd acquired a new stake in GMS Inc. (NYSE:GMS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,861 shares of the company's stock, valued at approximately $1,437,000.

A number of other hedge funds have also added to or reduced their stakes in GMS. Blue Trust Inc. boosted its holdings in shares of GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company's stock valued at $30,000 after purchasing an additional 171 shares during the period. Quarry LP raised its position in GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company's stock worth $56,000 after buying an additional 361 shares during the period. KBC Group NV grew its position in shares of GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company's stock worth $105,000 after buying an additional 281 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of GMS during the second quarter valued at $121,000. 95.28% of the stock is currently owned by institutional investors.

GMS Stock Up 0.6 %

Shares of GMS traded up $0.56 during midday trading on Monday, hitting $97.61. 328,632 shares of the company's stock traded hands, compared to its average volume of 382,849. GMS Inc. has a 1 year low of $71.33 and a 1 year high of $105.54. The firm's fifty day moving average is $95.82 and its 200-day moving average is $91.00. 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 stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 17.94 and a beta of 1.68.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the business posted $2.30 earnings per share. The company's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that GMS Inc. will post 7.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GMS has been the topic of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $86.00 target price (up from $78.00) on shares of GMS in a report on Friday. Truist Financial increased their price objective on shares of GMS from $90.00 to $97.00 and gave the company a "hold" rating in a research note on Monday. Robert W. Baird reduced their price objective on shares of GMS from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday. DA Davidson dropped their target price on GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, StockNews.com lowered GMS from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $94.13.

Read Our Latest Research Report on GMS

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 owns 23,772 shares in the company, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

GMS Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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