Canada Pension Plan Investment Board Makes New $34,000 Investment in GMS Inc. (NYSE:GMS)

Canada Pension Plan Investment Board purchased a new stake in GMS Inc. (NYSE:GMS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 400 shares of the company’s stock, valued at approximately $34,000.

Several other large investors also recently made changes to their positions in the stock. AlphaQuest LLC raised its position in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after buying an additional 325 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after purchasing an additional 285 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after purchasing an additional 705 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in GMS during the fourth quarter worth $193,000. Finally, Stifel Financial Corp bought a new position in GMS in the third quarter valued at $222,000. Institutional investors own 95.28% of the company’s stock.

Insider Buying and Selling at GMS

In other news, CEO John C. Turner, Jr. bought 3,650 shares of the stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the purchase, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the sale, the director now owns 31,507 shares of the company’s stock, valued at $2,314,504.22. This trade represents a 28.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

GMS Stock Down 0.3 %

GMS stock opened at $73.29 on Monday. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The business’s 50 day simple moving average is $73.86 and its 200 day simple moving average is $84.57. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2.81 billion, a PE ratio of 13.47 and a beta of 1.62.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, research analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GMS. Royal Bank of Canada cut their price target on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Loop Capital reduced their price target on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, March 10th. UBS Group set a $80.00 price target on GMS in a research note on Friday, March 7th. Truist Financial cut their price objective on GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. Finally, Robert W. Baird lowered their target price on shares of GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

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.