Van Lanschot Kempen Investment Management N.V. Increases Stock Holdings in GMS Inc. (NYSE:GMS)

Van Lanschot Kempen Investment Management N.V. increased its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 596,444 shares of the company's stock after purchasing an additional 19,833 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 1.54% of GMS worth $50,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new stake in GMS during the 3rd quarter worth approximately $222,000. Barclays PLC increased its stake in shares of GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after buying an additional 55,690 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of GMS by 6.9% in the third quarter. Lord Abbett & CO. LLC now owns 90,374 shares of the company's stock valued at $8,185,000 after buying an additional 5,833 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in GMS by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 45,151 shares of the company's stock worth $3,830,000 after buying an additional 1,132 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its position in GMS by 2.3% during the 4th quarter. Reinhart Partners LLC. now owns 541,519 shares of the company's stock worth $45,937,000 after buying an additional 12,099 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GMS

In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of GMS stock in a transaction on Monday, April 7th. The stock was purchased at an average price 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 of the company's stock, valued at $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the sale, the director now owns 31,507 shares in the company, valued at $2,314,504.22. The trade was a 28.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

GMS Stock Down 0.3 %

NYSE:GMS traded down $0.24 on Friday, hitting $73.29. The stock had a trading volume of 173,674 shares, compared to its average volume of 414,991. 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 52 week low of $65.77 and a 52 week high of $105.54. The business's fifty day moving average is $73.86 and its 200 day moving average is $84.67. The company has a market cap of $2.81 billion, a PE ratio of 13.47 and a beta of 1.62.

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

Analyst Ratings Changes

GMS has been the topic of a number of research reports. Robert W. Baird reduced their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada decreased their price objective on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Loop Capital cut their price target on GMS from $93.00 to $80.00 and set a "hold" rating on the stock 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 report on Friday, March 7th. Finally, UBS Group set a $80.00 price target on GMS 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. According to MarketBeat, GMS has an average rating of "Hold" and an average target price of $80.50.

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.