Duality Advisers LP Sells 332 Shares of GMS Inc. (NYSE:GMS)

Duality Advisers LP lowered its holdings in GMS Inc. (NYSE:GMS) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,104 shares of the company’s stock after selling 332 shares during the quarter. Duality Advisers LP’s holdings in GMS were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GMS. Pacer Advisors Inc. increased its stake in GMS by 57.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after acquiring an additional 456,692 shares during the period. Deutsche Bank AG increased its stake in GMS by 58.3% in the third quarter. Deutsche Bank AG now owns 270,444 shares of the company’s stock valued at $17,300,000 after acquiring an additional 99,612 shares during the period. Assenagon Asset Management S.A. increased its stake in GMS by 34.2% in the third quarter. Assenagon Asset Management S.A. now owns 312,191 shares of the company’s stock valued at $19,971,000 after acquiring an additional 79,561 shares during the period. Federated Hermes Inc. increased 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 acquiring an additional 76,417 shares during the period. Finally, Acadian Asset Management LLC boosted its position in GMS by 28.8% in the third quarter. Acadian Asset Management LLC now owns 259,075 shares of the company’s stock valued at $16,565,000 after buying an additional 57,960 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

Insider Activity at GMS

In related news, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the transaction, the chief executive officer now directly owns 48,074 shares in the company, valued at $4,691,060.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO George T. Hendren sold 10,554 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $96.49, for a total value of $1,018,355.46. Following the transaction, the chief operating officer now directly owns 23,261 shares in the company, valued at $2,244,453.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Turner, Jr. sold 6,266 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the sale, the chief executive officer now directly owns 48,074 shares of the company’s stock, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. Insiders have sold 36,820 shares of company stock worth $3,561,192 over the last ninety days. Company insiders own 1.90% of the company’s stock.

GMS Price Performance

Shares of GMS stock opened at $92.85 on Friday. GMS Inc. has a 1 year low of $54.59 and a 1 year high of $101.04. The firm’s 50 day moving average is $93.18 and its 200-day moving average is $80.07. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 13.00 and a beta of 1.73. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69.

GMS (NYSE:GMS) last announced its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. GMS’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts forecast that GMS Inc. will post 8.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on GMS shares. Robert W. Baird boosted their price target on shares of GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Truist Financial boosted their price target on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, March 1st. StockNews.com upgraded shares of GMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Finally, Barclays boosted their price target on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GMS presently has an average rating of “Moderate Buy” and a consensus target price of $89.63.

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.