GMS Inc. (NYSE:GMS) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its position in GMS Inc. (NYSE:GMS) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,943 shares of the company’s stock after selling 13,207 shares during the quarter. AQR Capital Management LLC owned 0.15% of GMS worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GMS. American Century Companies Inc. lifted its stake in shares of GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock valued at $147,583,000 after purchasing an additional 406,406 shares in the last quarter. Pacer Advisors Inc. grew its stake in GMS by 0.4% during the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after buying an additional 6,396 shares during the period. Federated Hermes Inc. increased its position in shares of GMS by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after acquiring an additional 9,516 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of GMS by 4.8% in the second quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after acquiring an additional 34,205 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of GMS by 103.0% in the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after acquiring an additional 350,478 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Stock Performance

GMS stock opened at $90.75 on Friday. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3.60 billion, a P/E ratio of 13.48 and a beta of 1.68. The stock has a 50 day moving average of $89.22 and a 200-day moving average of $90.60.

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

Insider Buying and Selling

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $90.32, for a total transaction of $713,528.00. Following the sale, the senior vice president now owns 10,671 shares in the company, valued at $963,804.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GMS. Stephens lowered their price target on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 1st. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. DA Davidson decreased their price target on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. Barclays dropped their price objective on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, September 9th. Finally, Loop Capital reduced their target price on shares of GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, GMS currently has an average rating of “Hold” and an average price target of $89.63.

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.