GSA Capital Partners LLP Invests $245,000 in GMS Inc. (NYSE:GMS)

GSA Capital Partners LLP bought a new stake in shares of GMS Inc. (NYSE:GMS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,704 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GMS. Blue Trust Inc. raised its holdings in GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 171 shares in the last quarter. Quarry LP grew its position in shares of 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 lifted its position in GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after acquiring an additional 361 shares during the period. EntryPoint Capital LLC purchased a new position in GMS during the 1st quarter valued at about $77,000. Finally, LRI Investments LLC bought a new stake in GMS during the first quarter worth about $127,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Insider Activity

In related news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

GMS Stock Performance

Shares of GMS opened at $101.70 on Friday. 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 firm has a market cap of $3.99 billion, a PE ratio of 16.78 and a beta of 1.68. GMS Inc. has a 12 month low of $65.46 and a 12 month high of $103.56. The stock has a fifty day moving average price of $93.61 and a 200-day moving average price of $90.60.

GMS (NYSE:GMS) last issued its 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). GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $2.40 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

GMS has been the topic of several recent research reports. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Barclays cut their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, September 9th. Robert W. Baird lifted their price target on GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Truist Financial cut their price objective on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.50.

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.