Alamea Verwaltungs GmbH Makes New Investment in GMS Inc. $GMS

Key Points

• Alamea Verwaltungs GmbH acquired a new stake in GMS Inc., purchasing 8,023 shares valued at approximately $587,000 during the first quarter.
• Institutional investors continue to dominate GMS's shareholder structure, holding 95.28% of the company's stock, signaling strong institutional interest.
• GMS posted earnings results indicating a decrease in revenue by 2.4% compared to the previous year, reporting a quarterly EPS of $1.76, slightly missing expectations.

Alamea Verwaltungs GmbH acquired a new stake in shares of GMS Inc. (NYSE:GMS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,023 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also bought and sold shares of GMS. Raymond James Financial Inc. bought a new position in GMS during the fourth quarter valued at $1,547,000. Northern Trust Corp lifted its position in shares of GMS by 13.9% during the fourth quarter. Northern Trust Corp now owns 580,130 shares of the company's stock worth $49,212,000 after acquiring an additional 70,927 shares in the last quarter. Lido Advisors LLC lifted its position in shares of GMS by 59.8% during the fourth quarter. Lido Advisors LLC now owns 3,646 shares of the company's stock worth $309,000 after acquiring an additional 1,364 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of GMS by 1.0% during the fourth quarter. AQR Capital Management LLC now owns 62,466 shares of the company's stock worth $5,299,000 after acquiring an additional 626 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of GMS by 41.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock worth $995,000 after acquiring an additional 3,459 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

GMS Trading Up 0.0%

Shares of NYSE:GMS traded up $0.01 on Wednesday, reaching $109.98. 710,652 shares of the company traded hands, compared to its average volume of 807,162. The business's 50-day simple moving average is $109.16 and its 200 day simple moving average is $87.40. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $110.28. The stock has a market capitalization of $4.20 billion, a P/E ratio of 18.35 and a beta of 1.76. The company has a current ratio of 2.11, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GMS shares. Barclays increased their price objective on GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Truist Financial increased their target price on GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 1st. Loop Capital increased their target price on GMS from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 1st. Raymond James Financial cut GMS from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada increased their target price on GMS from $95.20 to $110.00 and gave the company 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, GMS currently has an average rating of "Hold" and an average price target of $101.11.

Insider Activity

In related news, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $108.23, for a total value of $541,150.00. Following the sale, the chief operating officer directly owned 23,950 shares of the company's stock, valued at $2,592,108.50. This trade represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Coliseum Capital Management, L sold 54,944 shares of the firm's stock in a transaction dated 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 directly owned 3,486,524 shares in the company, valued at $383,691,966.20. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 343,627 shares of company stock worth $37,808,097 over the last three months. 1.90% of the stock is owned by insiders.

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.