Dimensional Fund Advisors LP Has $180.08 Million Holdings in GMS Inc. (NYSE:GMS)

Dimensional Fund Advisors LP lessened its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,122,791 shares of the company's stock after selling 111,099 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.47% of GMS worth $180,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in GMS by 38.7% during the fourth quarter. FMR LLC now owns 5,868,782 shares of the company's stock worth $497,849,000 after buying an additional 1,636,612 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of GMS during the 4th quarter worth about $109,277,000. Granite Investment Partners LLC acquired a new stake in shares of GMS during the 4th quarter valued at about $11,913,000. JPMorgan Chase & Co. increased its stake in GMS by 29.1% in the fourth quarter. JPMorgan Chase & Co. now owns 274,559 shares of the company's stock valued at $23,291,000 after acquiring an additional 61,842 shares during the period. Finally, Barclays PLC raised its position in GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company's stock worth $6,392,000 after purchasing an additional 55,690 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John C. Turner, Jr. purchased 3,650 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,928 shares in the company, valued at approximately $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the sale, the director now directly owns 31,507 shares of the company's stock, valued at $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

GMS has been the topic of several analyst reports. Royal Bank of Canada lowered their price objective on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. Robert W. Baird lowered their price target on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Barclays dropped their price objective on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Loop Capital reduced their target price on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Finally, Truist Financial reduced their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $80.50.

GMS Price Performance

NYSE:GMS traded down $0.07 during mid-day trading on Tuesday, reaching $73.15. 30,514 shares of the company were exchanged, compared to its average volume of 412,924. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.81 billion, a PE ratio of 13.46 and a beta of 1.62. GMS Inc. has a 12 month low of $65.77 and a 12 month high of $105.54. The company has a fifty day moving average of $73.86 and a 200 day moving average of $84.57.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. On average, research analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal 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.