15,701 Shares in GMS Inc. (NYSE:GMS) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd purchased a new position in GMS Inc. valued at approximately $1.15 million during the 1st quarter, acquiring 15,701 shares.
• Several hedge funds, including FMR LLC and Coliseum Capital Management, significantly increased their stakes in GMS during the fourth quarter, with hedge funds now owning 95.28% of the company's stock.
• Analysts have recently raised their target prices for GMS shares to $110.00, with a consensus rating of "Hold" and an average target price of $101.11.

XTX Topco Ltd purchased a new stake in shares of GMS Inc. (NYSE:GMS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,701 shares of the company's stock, valued at approximately $1,149,000.

A number of other institutional investors have also recently made changes to their positions in GMS. Eukles Asset Management bought a new stake in shares of GMS during the first quarter valued at approximately $33,000. Canada Pension Plan Investment Board bought a new stake in GMS in the 4th quarter worth about $34,000. Versant Capital Management Inc raised its position in GMS by 170.5% in the 1st quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after buying an additional 445 shares during the last quarter. GAMMA Investing LLC lifted its stake in GMS by 38.3% during the 1st quarter. GAMMA Investing LLC now owns 801 shares of the company's stock valued at $59,000 after acquiring an additional 222 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in GMS during the 4th quarter valued at about $280,000. Hedge funds and other institutional investors own 95.28% of the company's stock.

Insider Activity at GMS

In other GMS news, major shareholder Coliseum Capital Management, L sold 54,944 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $110.05, for a total value of $6,046,587.20. Following the completion of the transaction, the insider directly owned 3,486,524 shares in the company, valued at $383,691,966.20. This represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction that occurred 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 sale, the chief operating officer owned 23,950 shares in the company, valued at approximately $2,592,108.50. The trade was a 17.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 343,627 shares of company stock worth $37,808,097 in the last three months. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on GMS. Baird R W cut shares of GMS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. DA Davidson boosted their target price on shares of GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Truist Financial raised their price target on GMS from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 1st. Loop Capital lifted their price objective on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 1st. Finally, Royal Bank Of Canada lifted their price objective on GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $101.11.

GMS Stock Performance

Shares of NYSE GMS traded up $0.05 during trading on Monday, hitting $109.66. The company had a trading volume of 763,764 shares, compared to its average volume of 1,631,018. GMS Inc. has a 12 month low of $65.77 and a 12 month high of $110.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. The firm has a market capitalization of $4.17 billion, a P/E ratio of 37.94 and a beta of 1.76. The stock has a 50 day simple moving average of $96.69 and a 200 day simple moving average of $83.54.

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

About GMS

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.