2,280 Shares in GMS Inc. (NYSE:GMS) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of GMS Inc. (NYSE:GMS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,280 shares of the company’s stock, valued at approximately $193,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AlphaQuest LLC boosted its position in shares of GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Blue Trust Inc. boosted its holdings in GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after acquiring an additional 285 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after acquiring an additional 705 shares during the last quarter. Stifel Financial Corp bought a new position in shares of GMS during the third quarter valued at $222,000. Finally, Choreo LLC raised its position in shares of GMS by 12.1% in the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Insider Activity

In related news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

GMS Stock Up 2.1 %

GMS stock opened at $75.29 on Thursday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 13.84 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The business’s 50-day moving average is $78.72 and its two-hundred day moving average is $87.12. GMS Inc. has a fifty-two week low of $65.88 and a fifty-two week high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. As a group, analysts forecast that GMS Inc. will post 7.26 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Royal Bank of Canada decreased their price objective on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. UBS Group set a $80.00 price objective on GMS in a research report on Friday, March 7th. Loop Capital reduced their target price on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, Truist Financial lowered their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, GMS currently has a consensus rating of “Hold” and a consensus price target of $80.50.

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.