Leuthold Group LLC Reduces Stock Position in GMS Inc. (NYSE:GMS)

Leuthold Group LLC cut its stake in GMS Inc. (NYSE:GMS) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,177 shares of the company’s stock after selling 341 shares during the quarter. Leuthold Group LLC owned 0.09% of GMS worth $2,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in GMS by 98.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,373 shares of the company’s stock worth $5,195,000 after purchasing an additional 26,518 shares during the period. UniSuper Management Pty Ltd purchased a new stake in GMS during the first quarter valued at $814,000. Comerica Bank lifted its holdings in GMS by 157.0% in the first quarter. Comerica Bank now owns 48,284 shares of the company’s stock valued at $4,700,000 after acquiring an additional 29,495 shares during the period. Allianz Asset Management GmbH boosted its position in GMS by 116.5% in the fourth quarter. Allianz Asset Management GmbH now owns 24,732 shares of the company’s stock worth $2,039,000 after purchasing an additional 13,306 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of GMS by 56.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 51,981 shares of the company’s stock valued at $5,060,000 after purchasing an additional 18,799 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Price Performance

Shares of GMS stock opened at $90.66 on Thursday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 13.47 and a beta of 1.68. 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’s 50-day simple moving average is $89.33 and its 200-day simple moving average is $90.71. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts expect that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GMS shares. Robert W. Baird lowered their price objective on shares of GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Stephens dropped their price target on shares of GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Loop Capital reduced their price objective on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Royal Bank of Canada lowered their target price on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. Finally, Truist Financial reduced their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.63.

Insider Transactions at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of GMS stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total value of $713,528.00. Following the sale, the senior vice president now directly owns 10,671 shares in the company, valued at approximately $963,804.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

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.