Duality Advisers LP Trims Stake in GMS Inc. (NYSE:GMS)

Duality Advisers LP lowered its stake in GMS Inc. (NYSE:GMS) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares during the period. CI Investments Inc. purchased a new position in shares of GMS during the 3rd quarter worth $155,000. Allspring Global Investments Holdings LLC lifted its stake in shares of GMS by 9.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,602 shares of the company’s stock worth $230,000 after purchasing an additional 316 shares during the period. AlphaMark Advisors LLC purchased a new position in shares of GMS during the 3rd quarter worth $234,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of GMS during the 3rd quarter worth $234,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Stock Up 1.7 %

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

GMS (NYSE:GMS) last announced its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). The business had revenue of $1.26 billion for 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 was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. As a group, equities analysts forecast that GMS Inc. will post 8.36 EPS for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

A number of research analysts have weighed in on GMS shares. Stephens increased their price target on GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Barclays increased their target price on GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th. StockNews.com raised GMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Robert W. Baird increased their target price on GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Truist Financial increased their target price on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GMS currently has an average rating of “Moderate Buy” and a consensus price target of $89.63.

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.