GMS Inc. (NYSE:GMS) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its stake in GMS Inc. (NYSE:GMS) by 33.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,970 shares of the company’s stock after selling 7,021 shares during the period. Sanctuary Advisors LLC’s holdings in GMS were worth $1,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in GMS by 25.3% in the third quarter. FMR LLC now owns 4,232,170 shares of the company’s stock valued at $383,308,000 after buying an additional 854,987 shares during the last quarter. American Century Companies Inc. lifted its position in GMS by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock valued at $147,583,000 after purchasing an additional 406,406 shares during the last quarter. LSV Asset Management boosted its stake in GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after purchasing an additional 350,478 shares during the period. Weiss Asset Management LP acquired a new stake in shares of GMS in the third quarter valued at approximately $12,490,000. Finally, Verition Fund Management LLC raised its holdings in shares of GMS by 48.3% during the third quarter. Verition Fund Management LLC now owns 340,388 shares of the company’s stock valued at $30,829,000 after buying an additional 110,876 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analysts Set New Price Targets

GMS has been the subject of a number of recent analyst reports. Loop Capital increased their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. Robert W. Baird decreased their price target on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Truist Financial raised their price target on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a report on Monday, December 9th. Barclays upped their price objective on shares of GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GMS presently has an average rating of “Hold” and an average price target of $95.43.

Insider Buying and Selling

In other news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the sale, the chief operating officer now directly owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

GMS Trading Up 0.7 %

Shares of GMS stock opened at $86.01 on Friday. The business has a fifty day simple moving average of $95.66 and a 200-day simple moving average of $90.81. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 15.81 and a beta of 1.68. GMS Inc. has a fifty-two week low of $77.01 and a fifty-two week high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. GMS’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. On average, equities analysts forecast that GMS Inc. will post 7.41 EPS for the current fiscal year.

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.