GMS Inc. (NYSE:GMS) Stake Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in GMS Inc. (NYSE:GMS - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,380 shares of the company's stock after buying an additional 18,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of GMS worth $8,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GMS. AlphaQuest LLC boosted its holdings in 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 GMS in the fourth quarter worth $34,000. Blue Trust Inc. increased its holdings in shares of GMS by 71.3% during 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 holdings in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after purchasing an additional 705 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in GMS during the fourth quarter valued at about $193,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GMS shares. Royal Bank of Canada reduced their price objective on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Loop Capital dropped their target price on GMS from $93.00 to $80.00 and set a "hold" rating for the company in a research report on Monday, March 10th. UBS Group set a $80.00 target price on GMS in a research note on Friday, March 7th. Truist Financial dropped their target price on GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, 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 note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $80.50.

GMS Price Performance

GMS stock traded down $0.01 during midday trading on Wednesday, hitting $77.10. The company's stock had a trading volume of 348,143 shares, compared to its average volume of 417,088. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 14.17 and a beta of 1.66. GMS Inc. has a 12 month low of $65.77 and a 12 month high of $105.54. The company has a 50 day moving average of $73.49 and a two-hundred day moving average of $80.88.

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

Insider Activity at GMS

In other news, Director Theron I. Gilliam sold 12,474 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the transaction, the director now directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. This represents a 28.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Turner, Jr. bought 3,650 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost of $70.00 per share, for a total transaction of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares in the company, valued at $4,684,960. This represents a 5.77% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate 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.