Ameritas Investment Partners Inc. Decreases Holdings in GMS Inc. (NYSE:GMS)

Ameritas Investment Partners Inc. trimmed its stake in GMS Inc. (NYSE:GMS) by 5.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,999 shares of the company’s stock after selling 251 shares during the period. Ameritas Investment Partners Inc.’s holdings in GMS were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of GMS by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock worth $204,600,000 after purchasing an additional 14,005 shares in the last quarter. Federated Hermes Inc. increased its stake 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. Capital International Investors increased its stake in shares of GMS by 15.0% in the 4th 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. Charles Schwab Investment Management Inc. increased its stake in shares of GMS by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 558,631 shares of the company’s stock worth $46,048,000 after purchasing an additional 12,637 shares in the last quarter. Finally, Reinhart Partners LLC. increased its stake in shares of GMS by 2.0% in the 1st quarter. Reinhart Partners LLC. now owns 487,549 shares of the company’s stock worth $47,458,000 after purchasing an additional 9,441 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the business’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 completion of the transaction, the senior vice president now owns 10,671 shares in the company, valued at $963,804.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GMS. Barclays decreased their price target on GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Loop Capital decreased their price target on GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Stephens cut their price objective on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Royal Bank of Canada cut their price objective on GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research report on Friday, June 21st. Finally, DA Davidson cut their price objective on GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Four equities 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.38.

GMS Trading Down 3.5 %

GMS traded down $3.27 on Wednesday, hitting $91.02. The company had a trading volume of 127,227 shares, compared to its average volume of 378,178. The company has a market cap of $3.61 billion, a PE ratio of 13.97 and a beta of 1.63. GMS Inc. has a 12-month low of $56.58 and a 12-month high of $101.04. The company has a quick ratio of 1.40, a current ratio of 2.17 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $88.30 and its 200 day simple moving average is $89.65.

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

GMS Company 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.