Mutual of America Capital Management LLC Sells 584 Shares of GMS Inc. (NYSE:GMS)

Mutual of America Capital Management LLC cut its holdings in GMS Inc. (NYSE:GMS) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,964 shares of the company’s stock after selling 584 shares during the quarter. Mutual of America Capital Management LLC’s holdings in GMS were worth $540,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV boosted its position in shares of GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after buying an additional 281 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in GMS during the 3rd quarter valued at about $232,000. Victory Capital Management Inc. boosted its holdings in shares of GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock valued at $9,197,000 after acquiring an additional 6,136 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of GMS in the third quarter worth approximately $245,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of GMS by 0.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock valued at $1,884,000 after purchasing an additional 113 shares during the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

GMS Stock Performance

NYSE:GMS opened at $100.48 on Wednesday. The stock has a 50-day simple moving average of $93.90 and a two-hundred day simple moving average of $90.62. 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 52-week low of $65.46 and a 52-week high of $105.54. The firm has a market capitalization of $3.95 billion, a PE ratio of 17.13 and a beta of 1.68.

GMS (NYSE:GMS) last announced its quarterly earnings data 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). 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 quarter last year, the firm posted $2.40 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. Analysts forecast that GMS Inc. will post 7.95 EPS for the current year.

Wall Street Analyst Weigh In

GMS has been the topic of several research reports. Barclays dropped their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, September 9th. Loop Capital lifted their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday. Robert W. Baird increased their target price on GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial dropped their target price on GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.50.

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.