XTX Topco Ltd Invests $1.44 Million in GMS Inc. (NYSE:GMS)

XTX Topco Ltd bought a new stake in GMS Inc. (NYSE:GMS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,861 shares of the company’s stock, valued at approximately $1,437,000.

Several other hedge funds have also recently added to or reduced their stakes in GMS. QRG Capital Management Inc. raised its holdings in shares of GMS by 2.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,231 shares of the company’s stock worth $664,000 after buying an additional 161 shares in the last quarter. SG Americas Securities LLC raised its stake in GMS by 27.8% during the second quarter. SG Americas Securities LLC now owns 5,154 shares of the company’s stock worth $415,000 after acquiring an additional 1,120 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of GMS by 1.7% during the second quarter. Reinhart Partners LLC. now owns 495,764 shares of the company’s stock valued at $39,964,000 after acquiring an additional 8,215 shares during the period. Blue Trust Inc. boosted its stake in shares of GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Finally, Summit Global Investments grew its holdings in shares of GMS by 2.0% in the 2nd quarter. Summit Global Investments now owns 14,712 shares of the company’s stock worth $1,186,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GMS. Truist Financial reduced their price target on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. DA Davidson reduced their price objective on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday. Loop Capital raised their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Barclays upped their price target on shares of GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.25.

Insider Buying and Selling

In related news, COO George T. Hendren sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by insiders.

GMS Stock Performance

GMS stock opened at $97.05 on Monday. GMS Inc. has a 1 year low of $68.13 and a 1 year high of $105.54. The company’s 50-day moving average is $95.68 and its two-hundred day moving average is $90.98. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The company has a market cap of $3.81 billion, a PE ratio of 17.84 and a beta of 1.68.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) 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 the consensus estimate of $1.46 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. GMS’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 earnings per share. Equities analysts anticipate that GMS Inc. will post 7.95 earnings per share for the current year.

GMS Company 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.