Janus Henderson Group PLC Grows Position in GMS Inc. (NYSE:GMS)

Janus Henderson Group PLC increased its holdings in GMS Inc. (NYSE:GMS) by 14.8% in the fourth quarter, Holdings Channel reports. The fund owned 77,497 shares of the company’s stock after purchasing an additional 10,016 shares during the quarter. Janus Henderson Group PLC’s holdings in GMS were worth $6,575,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Coliseum Capital Management LLC raised its holdings in GMS by 135.0% in the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after purchasing an additional 1,085,551 shares in the last quarter. Deutsche Bank AG raised its holdings in GMS by 26.7% in the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company’s stock worth $4,176,000 after purchasing an additional 10,377 shares in the last quarter. CastleKnight Management LP bought a new position in GMS in the fourth quarter worth about $993,000. Brevan Howard Capital Management LP bought a new position in GMS in the fourth quarter worth about $295,000. Finally, Aristeia Capital L.L.C. bought a new position in GMS in the fourth quarter worth about $349,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Price Performance

Shares of NYSE GMS opened at $77.17 on Friday. The business’s 50 day moving average price is $72.99 and its 200 day moving average price is $82.78. The firm has a market cap of $2.96 billion, a P/E ratio of 14.19 and a beta of 1.66. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last issued its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, sell-side analysts expect that GMS Inc. will post 7.26 earnings per share for the current year.

Insider Activity at GMS

In related news, CEO John C. Turner, Jr. acquired 3,650 shares of the stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. This trade represents a 5.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the company’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on GMS shares. DA Davidson reduced their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Robert W. Baird cut their price objective on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Barclays cut their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Loop Capital cut their price objective on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Finally, Royal Bank of Canada cut their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $80.50.

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.