Metis Global Partners LLC Has $367,000 Stock Holdings in GMS Inc. (NYSE:GMS)

Metis Global Partners LLC reduced its position in shares of GMS Inc. (NYSE:GMS) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,048 shares of the company’s stock after selling 390 shares during the period. Metis Global Partners LLC’s holdings in GMS were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after purchasing an additional 406,406 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of GMS by 0.4% in the second quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock valued at $118,885,000 after buying an additional 6,396 shares during the period. Federated Hermes Inc. grew its position in GMS by 0.9% during the second quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after buying an additional 9,516 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock worth $59,644,000 after acquiring an additional 34,205 shares during the period. Finally, LSV Asset Management increased its stake in GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock worth $55,687,000 after acquiring an additional 350,478 shares during the period. 95.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

GMS Stock Performance

NYSE GMS opened at $99.58 on Tuesday. The firm’s fifty day moving average price is $92.03 and its two-hundred day moving average price is $90.39. The stock has a market cap of $3.91 billion, a PE ratio of 16.43 and a beta of 1.68. 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 Inc. has a fifty-two week low of $64.82 and a fifty-two week high of $103.56.

GMS (NYSE:GMS) last issued its earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $2.40 EPS. GMS’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts expect that GMS Inc. will post 7.95 EPS for the current fiscal year.

Insider Activity at GMS

In other news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

GMS Company 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.