ProShare Advisors LLC Has $1.01 Million Position in GMS Inc. (NYSE:GMS)

ProShare Advisors LLC grew its position in GMS Inc. (NYSE:GMS - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,894 shares of the company's stock after purchasing an additional 3,550 shares during the period. ProShare Advisors LLC's holdings in GMS were worth $1,009,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC lifted its holdings in shares of GMS by 1,710.5% in the fourth 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. Canada Pension Plan Investment Board acquired a new stake in shares of GMS in the fourth quarter valued at about $34,000. Blue Trust Inc. increased 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 acquiring an additional 285 shares during the last quarter. 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 acquiring an additional 705 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of GMS in the fourth quarter valued at about $193,000. 95.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GMS. Royal Bank of Canada lowered their target price on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Robert W. Baird lowered their target price on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Truist Financial lowered 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. Loop Capital lowered their target price on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Finally, DA Davidson lowered their target price on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, GMS presently has an average rating of "Hold" and a consensus price target of $80.50.

Insider Activity

In other news, CEO John C. Turner, Jr. bought 3,650 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were bought 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 of the company's stock, valued at $4,684,960. This trade represents a 5.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the company'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 value of $916,340.04. Following the completion of the transaction, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. The trade was a 28.36% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

GMS Stock Performance

NYSE GMS traded up $2.46 during trading on Tuesday, reaching $76.08. 134,634 shares of the company's stock were exchanged, compared to its average volume of 415,866. The business has a 50 day moving average price of $73.26 and a 200-day moving average price of $81.83. The stock has a market capitalization of $2.92 billion, a P/E ratio of 13.98 and a beta of 1.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Sell-side analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

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.