Quadrature Capital Ltd Purchases 3,054 Shares of GMS Inc. (NYSE:GMS)

Quadrature Capital Ltd increased its holdings in GMS Inc. (NYSE:GMS) by 40.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,593 shares of the company’s stock after purchasing an additional 3,054 shares during the quarter. Quadrature Capital Ltd’s holdings in GMS were worth $1,031,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new stake in shares of GMS during the 1st quarter worth $68,693,000. LSV Asset Management boosted its stake in GMS by 174.7% in the first quarter. LSV Asset Management now owns 340,342 shares of the company’s stock valued at $33,129,000 after acquiring an additional 216,442 shares in the last quarter. Capital International Investors increased its position in shares of GMS by 15.0% during the fourth quarter. Capital International Investors now owns 611,792 shares of the company’s stock worth $50,430,000 after purchasing an additional 79,792 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of GMS by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock worth $83,967,000 after purchasing an additional 76,417 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in GMS by 166.7% in the fourth quarter. Victory Capital Management Inc. now owns 73,348 shares of the company’s stock valued at $6,046,000 after buying an additional 45,850 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Price Performance

Shares of NYSE:GMS traded up $2.05 during trading on Friday, reaching $94.03. 380,780 shares of the company’s stock traded hands, compared to its average volume of 425,289. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. GMS Inc. has a fifty-two week low of $56.58 and a fifty-two week high of $101.04. The company has a 50-day simple moving average of $88.14 and a 200-day simple moving average of $89.82. The firm has a market cap of $3.73 billion, a PE ratio of 13.97 and a beta of 1.63.

GMS (NYSE:GMS) last announced its earnings results on Thursday, June 20th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). GMS had a net margin of 5.02% and a return on equity of 24.05%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business earned $2.11 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts predict that GMS Inc. will post 8.64 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the firm’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 value of $713,528.00. Following the transaction, the senior vice president now owns 10,671 shares in the company, valued at $963,804.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GMS shares. Truist Financial cut their price objective on shares of GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Royal Bank of Canada cut their target price on GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st. Robert W. Baird lowered their price target on GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Loop Capital decreased their target price on GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. Finally, Stephens cut their price target on shares of GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.38.

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.