GMS Inc. (NYSE:GMS) Stock Position Raised by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in GMS Inc. (NYSE:GMS - Free Report) by 166.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,145 shares of the company's stock after purchasing an additional 50,049 shares during the quarter. Edgestream Partners L.P. owned approximately 0.21% of GMS worth $5,864,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GMS. AlphaQuest LLC raised its stake in shares of GMS by 1,710.5% in the 4th 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. Eukles Asset Management acquired a new stake in shares of GMS in the 1st quarter valued at about $33,000. Canada Pension Plan Investment Board acquired a new stake in shares of GMS in the 4th quarter valued at about $34,000. Versant Capital Management Inc raised its stake in shares of GMS by 170.5% in the 1st quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after purchasing an additional 445 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of GMS by 38.3% in the 1st 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. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Price Performance

Shares of GMS stock traded down $0.22 on Friday, hitting $109.74. The company had a trading volume of 782,801 shares, compared to its average volume of 732,016. The business has a 50-day simple moving average of $88.43 and a 200-day simple moving average of $81.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The company has a market cap of $4.18 billion, a PE ratio of 37.98 and a beta of 1.71. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $110.28.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.18. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. The business's revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.93 earnings per share. Research analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GMS shares. Truist Financial increased their price objective on shares of GMS from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 1st. Baird R W lowered shares of GMS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. Stephens lowered shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Friday, June 27th. Barclays increased their price objective on shares of GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Robert W. Baird reiterated a "neutral" rating and set a $95.00 price objective (up previously from $93.00) on shares of GMS in a research note on Monday, June 23rd. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $101.11.

Insider Activity at GMS

In related news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the completion of the sale, the insider directly owned 3,646,018 shares in the company, valued at approximately $401,244,280.90. This trade represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $108.23, for a total transaction of $541,150.00. Following the sale, the chief operating officer owned 23,950 shares of the company's stock, valued at $2,592,108.50. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 343,627 shares of company stock valued at $37,808,097 over the last quarter. Insiders own 1.90% of the company's stock.

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.