Public Sector Pension Investment Board Sells 3,500 Shares of GMS Inc. (NYSE:GMS)

Public Sector Pension Investment Board lessened its stake in GMS Inc. (NYSE:GMS) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,094 shares of the company’s stock after selling 3,500 shares during the period. Public Sector Pension Investment Board’s holdings in GMS were worth $7,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after acquiring an additional 171 shares during the last quarter. 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 during the last quarter. GAMMA Investing LLC lifted its holdings in 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 lifted its holdings in GMS by 31.9% in 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 during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in GMS in the 2nd quarter worth approximately $121,000. Institutional investors own 95.28% of the company’s stock.

Insider Activity at GMS

In related news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

GMS Trading Up 0.1 %

GMS opened at $100.29 on Friday. GMS Inc. has a 52 week low of $66.07 and a 52 week high of $105.54. 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 stock has a market cap of $3.94 billion, a PE ratio of 16.55 and a beta of 1.68. The business has a 50 day moving average of $94.68 and a 200-day moving average of $90.84.

GMS (NYSE:GMS) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned $2.40 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on GMS. Truist Financial dropped their price objective on 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 increased their price objective on GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. StockNews.com cut GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays dropped their price objective on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. Finally, DA Davidson cut GMS from a “buy” rating to a “neutral” rating and set a $97.00 target price for the company. in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.50.

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.