Northern Trust Corp Has $49.21 Million Holdings in GMS Inc. (NYSE:GMS)

Northern Trust Corp lifted its holdings in GMS Inc. (NYSE:GMS - Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,130 shares of the company's stock after acquiring an additional 70,927 shares during the period. Northern Trust Corp owned approximately 1.49% of GMS worth $49,212,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GMS. FMR LLC grew its holdings in GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after purchasing an additional 1,636,612 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in GMS during the 4th quarter valued at $109,277,000. Charles Schwab Investment Management Inc. grew its holdings in GMS by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock valued at $51,722,000 after purchasing an additional 15,664 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in GMS by 3.4% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 596,444 shares of the company's stock valued at $50,596,000 after purchasing an additional 19,833 shares in the last quarter. Finally, Reinhart Partners LLC. grew its holdings in GMS by 2.3% during the 4th quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock valued at $45,937,000 after purchasing an additional 12,099 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Price Performance

Shares of GMS stock traded up $1.98 during mid-day trading on Monday, reaching $77.17. The company's stock had a trading volume of 211,446 shares, compared to its average volume of 414,338. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The company has a market cap of $2.96 billion, a P/E ratio of 14.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The firm's 50-day moving average is $72.72 and its two-hundred day moving average is $83.22.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The firm 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%. On average, research analysts predict that GMS Inc. will post 7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GMS has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Loop Capital reduced their price target on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. UBS Group set a $80.00 price target on shares of GMS in a research report on Friday, March 7th. Truist Financial reduced their price target on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Finally, Royal Bank of Canada reduced their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $80.50.

Insider Buying and Selling

In other news, Director Theron I. Gilliam sold 12,474 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. This trade represents a 28.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Turner, Jr. bought 3,650 shares of GMS stock in a transaction dated Monday, April 7th. The stock was acquired 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 directly owns 66,928 shares in the company, valued at approximately $4,684,960. The trade was a 5.77% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.