Deutsche Bank AG Grows Position in GMS Inc. (NYSE:GMS)

Deutsche Bank AG lifted its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,222 shares of the company's stock after buying an additional 10,377 shares during the period. Deutsche Bank AG owned about 0.13% of GMS worth $4,176,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. AlphaQuest LLC boosted its position in shares of 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 buying an additional 325 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of GMS during the fourth quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in shares of GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after buying an additional 285 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after buying an additional 705 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in GMS in the fourth quarter worth $193,000. Hedge funds and other institutional investors own 95.28% of the company's stock.

Insider Activity at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the completion of the sale, the director now owns 31,507 shares in the company, valued at approximately $2,314,504.22. This trade represents a 28.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John C. Turner, Jr. acquired 3,650 shares of the company's 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 acquisition, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. This trade represents a 5.77% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

GMS Price Performance

Shares of GMS stock traded down $0.20 during trading on Friday, hitting $73.54. 335,730 shares of the stock traded hands, compared to its average volume of 416,959. 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 $2.82 billion, a price-to-earnings ratio of 13.52 and a beta of 1.66. The firm's fifty day moving average is $73.24 and its 200-day moving average is $82.01. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays cut their price objective on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. UBS Group set a $80.00 price objective on GMS in a research report on Friday, March 7th. Loop Capital cut their price objective on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Truist Financial cut their price objective on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Finally, Robert W. Baird cut their price objective on GMS from $110.00 to $93.00 and set an "outperform" 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 given a buy rating to the company's stock. According to MarketBeat.com, GMS currently has a consensus rating of "Hold" and a consensus price target of $80.50.

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.