Foundry Partners LLC Grows Holdings in GMS Inc. (NYSE:GMS)

Foundry Partners LLC grew its stake in shares of GMS Inc. (NYSE:GMS) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,964 shares of the company’s stock after buying an additional 232 shares during the quarter. Foundry Partners LLC’s holdings in GMS were worth $359,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Quarry LP raised its holdings in shares of GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after buying an additional 361 shares in the last quarter. EntryPoint Capital LLC bought a new stake in GMS in the 1st quarter worth approximately $77,000. Finally, KBC Group NV grew its position in GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after acquiring an additional 281 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

Insider Activity at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. Robert W. Baird raised their price objective on GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial decreased their price objective on GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, StockNews.com cut GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.50.

GMS Trading Up 2.6 %

NYSE GMS opened at $101.70 on Friday. The stock has a market cap of $4.00 billion, a P/E ratio of 16.60 and a beta of 1.68. GMS Inc. has a fifty-two week low of $65.46 and a fifty-two week high of $103.56. The stock has a 50 day simple moving average of $93.30 and a two-hundred day simple moving average of $90.56. 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 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.40 EPS. On average, analysts forecast that GMS Inc. will post 7.95 earnings per share for the current year.

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.