3,600 Shares in GMS Inc. $GMS Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. acquired 3,600 shares of GMS Inc., valued at approximately $263,000, in a move that reflects growing institutional interest in the stock.
• Multiple analysts have updated their ratings on GMS shares, with Royal Bank Of Canada and Truist Financial raising their price targets to $110.00 and emphasizing a "hold" rating.
• GMS Inc. reported a revenue of $1.41 billion for the last quarter, slightly exceeding analyst expectations, despite a decrease in earnings per share from the previous year.

Landscape Capital Management L.L.C. purchased a new position in GMS Inc. (NYSE:GMS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,600 shares of the company's stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in GMS by 51.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock worth $598,000 after buying an additional 2,753 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of GMS by 1.7% during the first quarter. Principal Financial Group Inc. now owns 224,048 shares of the company's stock valued at $16,394,000 after buying an additional 3,799 shares during the period. SG Americas Securities LLC bought a new stake in GMS during the first quarter valued at about $442,000. Yousif Capital Management LLC boosted its position in GMS by 1.0% during the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock valued at $1,108,000 after purchasing an additional 147 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in GMS by 38.3% during the first quarter. GAMMA Investing LLC now owns 801 shares of the company's stock valued at $59,000 after purchasing an additional 222 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

GMS Trading Down 0.0%

Shares of GMS stock traded down $0.02 on Friday, hitting $109.96. The stock had a trading volume of 710,652 shares, compared to its average volume of 780,710. The company's 50 day moving average price is $109.64 and its 200-day moving average price is $87.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.11 and a quick ratio of 1.31. GMS Inc. has a 1 year low of $65.77 and a 1 year high of $110.28. The firm has a market capitalization of $4.20 billion, a P/E ratio of 42.29 and a beta of 1.76.

GMS (NYSE:GMS - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $1.76 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.01). The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.40 billion. GMS had a net margin of 1.86% and a return on equity of 16.36%. The company's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 EPS. Analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L sold 54,944 shares of GMS stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $110.05, for a total value of $6,046,587.20. Following the completion of the sale, the insider owned 3,486,524 shares of the company's stock, valued at $383,691,966.20. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction on Monday, June 30th. The shares were sold at an average price of $108.23, for a total value of $541,150.00. Following the completion of the transaction, the chief operating officer owned 23,950 shares in the company, valued at $2,592,108.50. The trade was a 17.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,627 shares of company stock worth $37,808,097. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GMS shares. Raymond James Financial downgraded GMS from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Loop Capital lifted their price target on GMS from $95.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Baird R W cut GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Robert W. Baird restated a "neutral" rating and issued a $95.00 price objective (up from $93.00) on shares of GMS in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada lifted their price target on GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 1st. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $101.11.

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.