GMS Inc. (NYSE:GMS) Shares Sold by Zimmer Partners LP

Zimmer Partners LP lessened its position in GMS Inc. (NYSE:GMS - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the company's stock after selling 35,000 shares during the period. Zimmer Partners LP owned approximately 0.19% of GMS worth $6,362,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GMS. AlphaQuest LLC increased its holdings in shares of GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after acquiring an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of GMS in the 4th quarter worth about $34,000. Blue Trust Inc. increased its holdings in shares of GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after acquiring an additional 285 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after acquiring an additional 705 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of GMS in the 4th quarter worth about $193,000. Institutional investors and hedge funds own 95.28% of the company's stock.

Analysts Set New Price Targets

GMS has been the topic of a number of analyst reports. Loop Capital dropped their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Royal Bank of Canada reduced their price objective on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Truist Financial reduced their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, March 7th. DA Davidson decreased their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Barclays decreased their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $80.50.

GMS Price Performance

NYSE GMS opened at $75.64 on Tuesday. The company has a 50 day simple moving average of $73.09 and a 200-day simple moving average of $82.62. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.90 and a beta of 1.66. 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 posted its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Equities research analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity at GMS

In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, 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 hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. The trade was a 28.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

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.

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