Pacer Advisors Inc. Takes Position in GMS Inc. (NYSE:GMS)

Pacer Advisors Inc. bought a new position in shares of GMS Inc. (NYSE:GMS) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,288,191 shares of the company’s stock, valued at approximately $109,277,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its position in GMS by 148.8% during the third quarter. Intech Investment Management LLC now owns 16,511 shares of the company’s stock worth $1,495,000 after acquiring an additional 9,876 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of GMS by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 101,541 shares of the company’s stock worth $9,197,000 after buying an additional 6,136 shares during the last quarter. Barclays PLC raised its position in shares of GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after buying an additional 55,690 shares during the period. Algert Global LLC lifted its holdings in GMS by 22.8% in the second quarter. Algert Global LLC now owns 151,535 shares of the company’s stock valued at $12,215,000 after acquiring an additional 28,137 shares during the last quarter. Finally, Vestcor Inc grew its position in GMS by 71.5% in the third quarter. Vestcor Inc now owns 14,330 shares of the company’s stock worth $1,298,000 after acquiring an additional 5,972 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Analyst Upgrades and Downgrades

GMS has been the topic of a number of research analyst reports. Truist Financial lifted their target price on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th. Robert W. Baird lowered their target price on shares of GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, December 6th. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, November 25th. Finally, Barclays lowered their price objective on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Six 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, the company has a consensus rating of “Hold” and a consensus price target of $93.57.

Insiders Place Their Bets

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

GMS Trading Down 1.0 %

Shares of GMS stock opened at $83.06 on Monday. GMS Inc. has a fifty-two week low of $77.29 and a fifty-two week high of $105.54. The company has a 50 day moving average price of $90.13 and a 200 day moving average price of $90.75. The stock has a market capitalization of $3.22 billion, a P/E ratio of 15.27 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.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing the consensus estimate 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 return on equity of 20.67% and a net margin of 3.92%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 EPS. Equities research analysts predict that GMS Inc. will post 7.26 EPS for the current fiscal year.

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.