Pacer Advisors Inc. Invests $109.28 Million in GMS Inc. (NYSE:GMS)

Pacer Advisors Inc. acquired a new stake in shares of GMS Inc. (NYSE:GMS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,288,191 shares of the company’s stock, valued at approximately $109,277,000. Pacer Advisors Inc. owned 3.32% of GMS as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV grew its position in GMS by 4,496.9% during the fourth quarter. KBC Group NV now owns 53,416 shares of the company’s stock valued at $4,531,000 after buying an additional 52,254 shares during the period. Blue Trust Inc. boosted its stake in shares of GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after acquiring an additional 285 shares during the last quarter. Inspire Investing LLC grew its position in shares of GMS by 2.9% during the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock valued at $400,000 after acquiring an additional 134 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of GMS by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,943 shares of the company’s stock worth $2,201,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of GMS by 42.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company’s stock worth $9,357,000 after purchasing an additional 33,123 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction dated 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 transaction, the chief operating officer now owns 23,772 shares in the company, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by insiders.

GMS Stock Down 1.0 %

GMS stock opened at $83.06 on Monday. GMS Inc. has a twelve month low of $77.29 and a twelve month high of $105.54. The business has a fifty day moving average of $90.13 and a two-hundred day moving average of $90.75. The firm has a market cap of $3.22 billion, a P/E ratio of 15.27 and a beta of 1.73. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. On average, analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GMS has been the topic of several research analyst reports. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Robert W. Baird cut their target price on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, December 6th. DA Davidson decreased their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Finally, Truist Financial lifted their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.57.

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.