GMS Inc. (NYSE:GMS) Shares Acquired by Man Group plc

Man Group plc boosted its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 1,329.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,138 shares of the company's stock after acquiring an additional 31,749 shares during the quarter. Man Group plc owned 0.09% of GMS worth $2,896,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GMS. AlphaQuest LLC grew its position in shares of GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after acquiring an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new stake in GMS in the fourth quarter valued at approximately $34,000. Blue Trust Inc. grew its holdings in 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 during the period. Smartleaf Asset Management LLC increased its position in shares of GMS by 246.5% in 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 in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of GMS during the 4th quarter worth approximately $193,000. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Stock Performance

Shares of GMS traded down $0.91 during midday trading on Wednesday, reaching $75.69. 36,805 shares of the stock were exchanged, compared to its average volume of 396,376. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $105.54. 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 company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 13.91 and a beta of 1.66. The business's 50-day moving average price is $73.34 and its 200 day moving average price is $81.79.

GMS (NYSE:GMS - Get Free Report) last announced its 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). GMS had a return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.29 billion. On average, sell-side analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GMS shares. Truist Financial decreased their target price on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada decreased their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. Robert W. Baird dropped their target price on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a report on Friday, March 7th. UBS Group set a $80.00 price objective on GMS in a research note on Friday, March 7th. Finally, DA Davidson cut their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $80.50.

Insider Transactions at GMS

In other news, CEO John C. Turner, Jr. purchased 3,650 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $70.00 per share, with a total value of $255,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,928 shares of the company's stock, valued at approximately $4,684,960. This trade represents a 5.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred on 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 in the company, valued at $2,314,504.22. This represents a 28.36% decrease in their position. The disclosure for this sale can be found here. Company 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.