US Bancorp DE Reduces Stake in GMS Inc. (NYSE:GMS)

US Bancorp DE lessened its position in shares of GMS Inc. (NYSE:GMS) by 84.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,612 shares of the company’s stock after selling 8,579 shares during the quarter. US Bancorp DE’s holdings in GMS were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in GMS by 86.4% during 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 in the last quarter. Quarry LP boosted its holdings in GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after buying an additional 109 shares during the period. GAMMA Investing LLC increased its stake 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 in the last quarter. EntryPoint Capital LLC bought a new stake in GMS during the first quarter valued at about $77,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of GMS in the second quarter valued at about $121,000. Institutional investors own 95.28% of the company’s stock.

GMS Price Performance

GMS stock opened at $99.83 on Friday. The stock has a market capitalization of $3.92 billion, a P/E ratio of 16.47 and a beta of 1.68. The company’s fifty day moving average price is $92.03 and its 200 day moving average price is $90.42. 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 1 year low of $64.28 and a 1 year high of $103.56.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays reduced their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, September 9th. StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Truist Financial cut their price target on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, GMS currently has an average rating of “Hold” and an average price target of $91.50.

Insider Activity

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS 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 sale, the chief operating officer now owns 23,772 shares in the company, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

About GMS

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.