GMS Inc. (NYSE:GMS) Stock Position Decreased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its holdings in GMS Inc. (NYSE:GMS - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 721,134 shares of the company's stock after selling 45,792 shares during the period. Westwood Holdings Group Inc. owned about 1.86% of GMS worth $61,174,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC raised its position in shares of GMS by 1,710.5% in the 4th 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 bought a new stake in shares of GMS in the 4th quarter valued at approximately $34,000. Blue Trust Inc. increased its holdings in shares of GMS by 71.3% in the 4th 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 holdings in shares of GMS by 246.5% in the 4th 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 bought a new stake in shares of GMS in the 4th quarter valued at approximately $193,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Theron I. Gilliam sold 12,474 shares of the company's 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 sale, the director now directly owns 31,507 shares of the company's stock, valued at $2,314,504.22. This represents a 28.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John C. Turner, Jr. bought 3,650 shares of GMS stock in a transaction dated Monday, April 7th. The shares were bought 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 owns 66,928 shares of the company's stock, valued at $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GMS. Loop Capital lowered their price objective on GMS from $93.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, March 10th. DA Davidson lowered their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Barclays lowered their price objective on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Truist Financial lowered their price objective on GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, Royal Bank of Canada lowered 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $80.50.

GMS Stock Performance

GMS stock traded down $0.20 during trading on Friday, reaching $73.54. 335,730 shares of the company's stock were exchanged, compared to its average volume of 416,325. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The company's fifty day moving average price is $73.24 and its 200-day moving average price is $82.24. The firm has a market cap of $2.82 billion, a PE ratio of 13.52 and a beta of 1.66.

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

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.