Los Angeles Capital Management LLC Sells 7,310 Shares of GMS Inc. (NYSE:GMS)

Los Angeles Capital Management LLC lessened its holdings in shares of GMS Inc. (NYSE:GMS) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,727 shares of the company’s stock after selling 7,310 shares during the period. Los Angeles Capital Management LLC’s holdings in GMS were worth $2,286,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in shares of GMS by 57.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after buying an additional 456,692 shares during the last quarter. Deutsche Bank AG increased its position in shares of GMS by 58.3% during the 3rd quarter. Deutsche Bank AG now owns 270,444 shares of the company’s stock valued at $17,300,000 after purchasing an additional 99,612 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of GMS by 34.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 312,191 shares of the company’s stock worth $19,971,000 after purchasing an additional 79,561 shares during the period. Federated Hermes Inc. boosted its holdings 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 buying an additional 76,417 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in GMS by 28.8% during 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 during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Stock Up 1.2 %

GMS stock opened at $96.49 on Tuesday. The stock has a 50-day simple moving average of $93.97 and a two-hundred day simple moving average of $82.13. GMS Inc. has a twelve month low of $56.58 and a twelve month high of $101.04. The firm has a market capitalization of $3.84 billion, a PE ratio of 13.51 and a beta of 1.71. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a net margin of 5.48% and a return on equity of 25.65%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $1.85 EPS. GMS’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that GMS Inc. will post 8.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GMS. Stephens lifted their price objective on shares of GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Truist Financial boosted their target price on GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Royal Bank of Canada increased their price target on GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. StockNews.com cut GMS from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird increased their target price on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, GMS currently has a consensus rating of “Moderate Buy” and an average target price of $89.63.

Insider Activity

In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the sale, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO John C. Turner, Jr. sold 6,266 shares of the company’s stock in a transaction 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 completion of 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 can be accessed through this hyperlink. Also, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the sale, the senior vice president now owns 10,360 shares in the company, valued at approximately $1,000,465.20. The disclosure for this sale can be found here. Insiders sold 36,820 shares of company stock worth $3,561,192 in the last three months. Corporate insiders own 1.90% of the company’s stock.

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.