20,300 Shares in GMS Inc. (NYSE:GMS) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of GMS Inc. (NYSE:GMS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,300 shares of the company's stock, valued at approximately $1,673,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP bought a new position in shares of GMS in the first quarter worth approximately $28,532,000. Pacer Advisors Inc. grew its holdings in shares of GMS by 57.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company's stock worth $103,068,000 after purchasing an additional 456,692 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of GMS by 3,313.0% in the first quarter. Envestnet Asset Management Inc. now owns 462,185 shares of the company's stock worth $1,183,000 after purchasing an additional 448,643 shares during the last quarter. Millennium Management LLC grew its holdings in shares of GMS by 392.3% in the second quarter. Millennium Management LLC now owns 436,444 shares of the company's stock worth $19,422,000 after purchasing an additional 347,783 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of GMS by 66.6% in the fourth quarter. Morgan Stanley now owns 523,918 shares of the company's stock worth $26,091,000 after purchasing an additional 209,513 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GMS has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of GMS from $84.00 to $92.00 and gave the stock a "sector perform" rating in a report on Friday, March 1st. Stephens raised their price target on GMS from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, January 26th. StockNews.com lowered GMS from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 4th. Truist Financial raised their price target on GMS from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, March 1st. Finally, Robert W. Baird raised their price target on GMS from $92.00 to $105.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, GMS has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the sale, the senior vice president now directly owns 10,360 shares in the company, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now directly owns 10,360 shares in the company, valued at approximately $1,000,465.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO George T. Hendren sold 10,554 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now owns 23,261 shares of the company's stock, valued at $2,244,453.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,820 shares of company stock worth $3,561,192. 1.90% of the stock is owned by corporate insiders.

GMS Stock Up 0.2 %

GMS stock traded up $0.17 on Friday, hitting $90.25. 358,788 shares of the stock traded hands, compared to its average volume of 312,980. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.59 billion, a P/E ratio of 12.64 and a beta of 1.73. The business's fifty day simple moving average is $92.89 and its 200 day simple moving average is $79.34. GMS Inc. has a 1 year low of $54.59 and a 1 year high of $101.04.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a net margin of 5.48% and a return on equity of 25.65%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. GMS's revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that GMS Inc. will post 8.36 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.