Janus Henderson Group PLC Buys 10,016 Shares of GMS Inc. (NYSE:GMS)

Janus Henderson Group PLC increased its stake in GMS Inc. (NYSE:GMS - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,497 shares of the company's stock after purchasing an additional 10,016 shares during the quarter. Janus Henderson Group PLC owned about 0.20% of GMS worth $6,575,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GMS. Barclays PLC grew its position in shares of GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after purchasing an additional 55,690 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of GMS by 42.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company's stock valued at $9,357,000 after purchasing an additional 33,123 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of GMS by 4.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,943 shares of the company's stock valued at $2,201,000 after purchasing an additional 1,146 shares in the last quarter. Inspire Investing LLC grew its position in shares of GMS by 2.9% in the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock valued at $400,000 after purchasing an additional 134 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after purchasing an additional 285 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO John C. Turner, Jr. bought 3,650 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. The trade was a 5.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Theron I. Gilliam sold 12,474 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were 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 directly owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. This trade represents 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 corporate insiders.

GMS Price Performance

GMS stock traded down $2.10 during mid-day trading on Wednesday, hitting $73.18. 257,166 shares of the stock were exchanged, compared to its average volume of 415,003. 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 business has a fifty day moving average price of $73.19 and a 200 day moving average price of $82.57. GMS Inc. has a 12 month low of $65.77 and a 12 month high of $105.54. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 13.45 and a beta of 1.66.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.29 billion. On average, sell-side analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GMS shares. Barclays reduced their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Royal Bank of Canada reduced their target price on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. DA Davidson reduced their target price on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. UBS Group set a $80.00 target price on GMS in a research report on Friday, March 7th. Finally, Truist Financial reduced their target price on GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, GMS has an average rating of "Hold" and a consensus price target of $80.50.

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.