GMS Inc. (NYSE:GMS) Position Boosted by Quadrature Capital Ltd

Quadrature Capital Ltd lifted its stake in GMS Inc. (NYSE:GMS) by 40.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of GMS by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock valued at $204,600,000 after acquiring an additional 14,005 shares in the last quarter. Federated Hermes Inc. grew its stake in GMS by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock valued at $83,967,000 after purchasing an additional 76,417 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in GMS in the 1st quarter worth about $68,693,000. Capital International Investors raised its stake in shares of GMS by 15.0% during 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of GMS by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 558,631 shares of the company’s stock valued at $46,048,000 after buying an additional 12,637 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GMS

In other news, SVP Craig D. Apolinsky sold 7,900 shares of GMS 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 sale, the senior vice president now owns 10,671 shares of the company’s stock, valued at approximately $963,804.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

GMS Stock Performance

GMS stock traded up $2.05 on Friday, reaching $94.03. 380,780 shares of the company were exchanged, compared to its average volume of 425,289. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40. GMS Inc. has a 12 month low of $56.58 and a 12 month high of $101.04. The stock’s fifty day moving average price is $88.14 and its 200 day moving average price is $89.82. The firm has a market capitalization of $3.73 billion, a PE ratio of 13.97 and a beta of 1.63.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share (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 for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that GMS Inc. will post 8.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on GMS shares. Robert W. Baird dropped their price objective on GMS from $112.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Royal Bank of Canada cut their price target on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a report on Friday, June 21st. Loop Capital decreased their price objective on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. Stephens cut their target price on GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Finally, StockNews.com cut GMS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 26th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GMS currently has an average rating of “Moderate Buy” and an average 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.