3,998 Shares in GMS Inc. (NYSE:GMS) Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC purchased a new stake in GMS Inc. (NYSE:GMS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,998 shares of the company’s stock, valued at approximately $330,000.

Several other large investors have also recently added to or reduced their stakes in the company. 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 worth $103,068,000 after purchasing an additional 456,692 shares during the last quarter. Deutsche Bank AG grew its holdings in GMS by 58.3% during the 3rd quarter. Deutsche Bank AG now owns 270,444 shares of the company’s stock worth $17,300,000 after acquiring an additional 99,612 shares during the last quarter. Assenagon Asset Management S.A. increased its position in GMS by 34.2% in the 3rd 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 in the last quarter. Federated Hermes Inc. raised its stake in shares of GMS by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company’s stock worth $83,967,000 after acquiring an additional 76,417 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of GMS by 28.8% during the third quarter. Acadian Asset Management LLC now owns 259,075 shares of the company’s stock worth $16,565,000 after purchasing an additional 57,960 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on GMS. StockNews.com cut shares of GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Truist Financial raised their price target on GMS from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada upped their target price 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. Barclays lifted their price target on shares of GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th. Finally, Robert W. Baird increased their price objective on shares of GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a 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 stock. According to data from MarketBeat.com, GMS currently has a consensus rating of “Moderate Buy” and an average target price of $89.63.

GMS Trading Up 0.6 %

GMS traded up $0.60 during mid-day trading on Friday, hitting $95.32. The stock had a trading volume of 154,177 shares, compared to its average volume of 306,091. The stock’s fifty day simple moving average is $93.86 and its 200-day simple moving average is $81.68. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.35 and a beta of 1.71. GMS Inc. has a 1-year low of $55.88 and a 1-year high of $101.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47.

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 return on equity of 25.65% and a net margin of 5.48%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $1.85 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts forecast that GMS Inc. will post 8.36 EPS for the current fiscal year.

Insider Activity

In other news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 sale, 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 filing with the SEC, which is accessible through the SEC website. Also, SVP Craig D. Apolinsky sold 20,000 shares of the company’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 transaction, the senior vice president now directly owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The disclosure for this sale can be found here. Insiders have sold 36,820 shares of company stock worth $3,561,192 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

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.