GMS Inc. (NYSE:GMS) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its position in GMS Inc. (NYSE:GMS) by 21.6% in the 3rd quarter, Holdings Channel reports. The firm owned 35,845 shares of the company’s stock after buying an additional 6,378 shares during the period. Advantage Alpha Capital Partners LP’s holdings in GMS were worth $3,246,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after buying an additional 854,987 shares during the last quarter. American Century Companies Inc. raised its position in 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 during the last quarter. Pacer Advisors Inc. boosted its stake in GMS by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after purchasing an additional 6,396 shares during the period. Federated Hermes Inc. grew its position in GMS by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after purchasing an additional 9,516 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after purchasing an additional 34,205 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GMS has been the subject of several analyst reports. Barclays reduced their price objective on GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, September 9th. Robert W. Baird upped their price target on GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Loop Capital boosted their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday. Finally, Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.50.

GMS Price Performance

GMS stock opened at $103.82 on Tuesday. The company has a market cap of $4.08 billion, a P/E ratio of 17.13 and a beta of 1.68. GMS Inc. has a one year low of $65.46 and a one year high of $105.54. The business has a fifty day moving average of $93.90 and a two-hundred day 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 (NYSE:GMS) last announced its quarterly 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). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.40 EPS. As a group, analysts predict that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.