Yousif Capital Management LLC Acquires 877 Shares of GMS Inc. (NYSE:GMS)

Yousif Capital Management LLC lifted its position in GMS Inc. (NYSE:GMS) by 4.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,136 shares of the company’s stock after acquiring an additional 877 shares during the period. Yousif Capital Management LLC’s holdings in GMS were worth $1,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brandywine Global Investment Management LLC grew its stake in shares of GMS by 10.9% in the third quarter. Brandywine Global Investment Management LLC now owns 123,410 shares of the company’s stock valued at $7,895,000 after buying an additional 12,120 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of GMS by 99.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 31,000 shares of the company’s stock valued at $1,983,000 after buying an additional 15,465 shares in the last quarter. QRG Capital Management Inc. bought a new position in GMS during the third quarter worth $463,000. Lazard Asset Management LLC boosted its position in GMS by 17.5% during the third quarter. Lazard Asset Management LLC now owns 190,477 shares of the company’s stock worth $12,184,000 after purchasing an additional 28,311 shares during the period. Finally, Reinhart Partners LLC. boosted its position in GMS by 12.1% during the fourth quarter. Reinhart Partners LLC. now owns 478,108 shares of the company’s stock worth $39,410,000 after purchasing an additional 51,745 shares during the period. 95.28% of the stock is owned by institutional investors.

GMS Stock Up 0.8 %

GMS opened at $93.22 on Thursday. GMS Inc. has a fifty-two week low of $55.88 and a fifty-two week high of $101.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.47 and a current ratio of 2.40. The company has a market capitalization of $3.71 billion, a P/E ratio of 13.06 and a beta of 1.73. The stock has a fifty day moving average of $93.65 and a 200-day moving average of $81.18.

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

Analyst Ratings Changes

A number of equities analysts have commented on GMS shares. 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. Robert W. Baird lifted their price objective 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. Truist Financial lifted their price objective on shares of GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price objective on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, StockNews.com downgraded GMS from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, GMS has a consensus rating of “Moderate Buy” and an average price target of $89.63.

Insider Activity at GMS

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the business’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 completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Turner, Jr. sold 6,266 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 of the company’s stock, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. Insiders sold a total of 36,820 shares of company stock valued at $3,561,192 over the last quarter. 1.90% of the stock is owned by corporate insiders.

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.