Regents Gate Capital LLP Acquires 68,109 Shares of GMS Inc. (NYSE:GMS)

Regents Gate Capital LLP increased its stake in GMS Inc. (NYSE:GMS - Free Report) by 1,439.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,839 shares of the company's stock after acquiring an additional 68,109 shares during the period. GMS makes up approximately 2.3% of Regents Gate Capital LLP's investment portfolio, making the stock its 20th biggest position. Regents Gate Capital LLP owned approximately 0.19% of GMS worth $5,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of GMS during the 1st quarter valued at $442,000. Yousif Capital Management LLC boosted its holdings in GMS by 1.0% during the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock valued at $1,108,000 after acquiring an additional 147 shares during the period. AlphaQuest LLC boosted its holdings in 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 acquiring an additional 325 shares during the period. Deutsche Bank AG raised its position in shares of GMS by 26.7% during the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company's stock valued at $4,176,000 after buying an additional 10,377 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of GMS by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock valued at $51,722,000 after buying an additional 15,664 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

GMS Price Performance

GMS stock traded up $0.14 during trading on Wednesday, reaching $109.42. 1,377,605 shares of the company were exchanged, compared to its average volume of 538,016. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $119.45. The company has a 50-day moving average of $83.40 and a two-hundred day moving average of $80.10. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 37.86 and a beta of 1.71.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.18. GMS had a net margin of 2.09% and a return on equity of 16.97%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the company posted $1.93 EPS. The company's revenue was down 5.6% on a year-over-year basis. As a group, equities analysts predict that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GMS. Truist Financial raised their price objective on shares of GMS from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 1st. Stephens cut shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Friday, June 27th. Robert W. Baird reaffirmed a "neutral" rating and issued a $95.00 price objective (up from $93.00) on shares of GMS in a research note on Monday, June 23rd. DA Davidson increased their target price on shares of GMS from $95.20 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, Baird R W lowered shares of GMS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, GMS presently has a consensus rating of "Hold" and an average target price of $101.11.

Insider Buying and Selling at GMS

In other news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $108.23, for a total transaction of $541,150.00. Following the completion of the sale, the chief operating officer directly owned 23,950 shares in the company, valued at $2,592,108.50. This represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

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.