Dimensional Fund Advisors LP Has $204.60 Million Stock Holdings in GMS Inc. (NYSE:GMS)

Dimensional Fund Advisors LP increased its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,482,066 shares of the company's stock after buying an additional 14,005 shares during the quarter. Dimensional Fund Advisors LP owned about 6.11% of GMS worth $204,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GMS. Pacer Advisors Inc. raised its stake in shares of GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company's stock valued at $103,068,000 after acquiring an additional 456,692 shares during the period. Deutsche Bank AG lifted its stake in GMS by 58.3% during the third quarter. Deutsche Bank AG now owns 270,444 shares of the company's stock worth $17,300,000 after purchasing an additional 99,612 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of GMS by 34.2% during the third quarter. Assenagon Asset Management S.A. now owns 312,191 shares of the company's stock worth $19,971,000 after buying an additional 79,561 shares during the period. Federated Hermes Inc. grew its stake in shares of GMS by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 1,018,642 shares of the company's stock valued at $83,967,000 after buying an additional 76,417 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of GMS by 28.8% in the third quarter. Acadian Asset Management LLC now owns 259,075 shares of the company's stock valued at $16,565,000 after buying an additional 57,960 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

Wall Street Analysts Forecast Growth

GMS has been the subject of a number of research analyst reports. Stephens raised their target price on GMS from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, January 26th. StockNews.com lowered shares of GMS from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 2nd. Royal Bank of Canada upped their price objective on GMS from $84.00 to $92.00 and gave the stock a "sector perform" rating in a research report on Friday, March 1st. Truist Financial boosted their target price 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 increased their price target on GMS from $92.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.63.

GMS Stock Up 1.6 %

GMS stock traded up $1.52 during midday trading on Wednesday, reaching $96.33. 215,157 shares of the company were exchanged, compared to its average volume of 345,314. The stock's 50-day simple moving average is $94.49 and its 200 day simple moving average is $83.68. GMS Inc. has a 1-year low of $56.58 and a 1-year high of $101.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.47 and a current ratio of 2.40. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 13.56 and a beta of 1.71.

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

Insider Activity

In other GMS news, CEO John C. Turner, Jr. sold 6,266 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares in the company, valued at approximately $4,691,060.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the transaction, the chief executive officer now directly owns 48,074 shares of the company's stock, valued at approximately $4,691,060.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO George T. Hendren sold 10,554 shares of GMS stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,820 shares of company stock valued at $3,561,192. Company insiders own 1.90% of the company's stock.

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.