D. E. Shaw & Co. Inc. Decreases Stake in GMS Inc. (NYSE:GMS)

D. E. Shaw & Co. Inc. reduced its position in GMS Inc. (NYSE:GMS - Free Report) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,315 shares of the company's stock after selling 13,038 shares during the period. D. E. Shaw & Co. Inc.'s holdings in GMS were worth $1,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company's stock worth $6,392,000 after acquiring an additional 55,690 shares in the last quarter. Smartleaf Asset Management LLC increased its position in GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after purchasing an additional 705 shares during the last quarter. AlphaQuest LLC raised its stake in GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after purchasing an additional 325 shares in the last quarter. Deutsche Bank AG raised its stake in GMS by 26.7% during the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company's stock valued at $4,176,000 after purchasing an additional 10,377 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in GMS by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock valued at $51,722,000 after purchasing an additional 15,664 shares during the last quarter. 95.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GMS shares. Truist Financial reduced their target price on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, March 7th. DA Davidson dropped their price target on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. UBS Group set a $80.00 price target on GMS in a research note on Friday, March 7th. Barclays lowered their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird dropped their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $80.50.

GMS Stock Up 3.9%

Shares of NYSE GMS traded up $2.88 during mid-day trading on Tuesday, reaching $76.50. 360,227 shares of the company were exchanged, compared to its average volume of 416,732. GMS Inc. has a 1 year low of $65.77 and a 1 year high of $105.54. The firm has a 50-day moving average of $73.34 and a 200 day moving average of $81.79. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 14.06 and a beta of 1.66. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

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

Insider Buying and Selling

In other GMS news, CEO John C. Turner, Jr. purchased 3,650 shares of the stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the acquisition, the chief executive officer now owns 66,928 shares in the company, valued at $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 owns 31,507 shares in the company, valued at $2,314,504.22. The trade was a 28.36% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

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.