GMS Inc. (NYSE:GMS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of GMS Inc. (NYSE:GMS) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,365,570 shares of the company’s stock after selling 60,607 shares during the quarter. Dimensional Fund Advisors LP owned about 5.97% of GMS worth $190,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in GMS by 248.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,756 shares of the company’s stock valued at $2,041,000 after purchasing an additional 17,658 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of GMS in the 4th quarter valued at $295,000. US Bancorp DE raised its stake in GMS by 2,157.9% in the 4th quarter. US Bancorp DE now owns 10,883 shares of the company’s stock worth $897,000 after acquiring an additional 10,401 shares during the last quarter. Hsbc Holdings PLC lifted its position in GMS by 3.0% during the 4th quarter. Hsbc Holdings PLC now owns 12,691 shares of the company’s stock worth $1,053,000 after acquiring an additional 368 shares during the period. Finally, TD Asset Management Inc grew its stake in GMS by 34.2% during the 4th quarter. TD Asset Management Inc now owns 40,000 shares of the company’s stock valued at $3,297,000 after purchasing an additional 10,200 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

GMS Trading Up 1.5 %

Shares of GMS stock opened at $92.01 on Friday. The firm has a 50-day simple moving average of $89.48 and a two-hundred day simple moving average of $90.72. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. GMS Inc. has a fifty-two week low of $56.58 and a fifty-two week high of $101.04. The company has a market cap of $3.65 billion, a P/E ratio of 13.67 and a beta of 1.68.

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

Analysts Set New Price Targets

GMS has been the subject of several research analyst reports. DA Davidson reduced their price objective on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada dropped their price objective on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a report on Friday, June 21st. Barclays reduced their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. Truist Financial lowered their price target on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Stephens reduced their price objective on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.63.

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.