Sherbrooke Park Advisers LLC Boosts Holdings in GMS Inc. (NYSE:GMS)

Sherbrooke Park Advisers LLC raised its stake in shares of GMS Inc. (NYSE:GMS) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,536 shares of the company’s stock after purchasing an additional 211 shares during the period. Sherbrooke Park Advisers LLC’s holdings in GMS were worth $470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GMS. FMR LLC lifted its holdings in GMS by 38.7% during the fourth 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. purchased a new position in shares of GMS in the fourth quarter worth about $109,277,000. Coliseum Capital Management LLC lifted its stake in shares of GMS by 135.0% in the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after buying an additional 1,085,551 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of GMS in the fourth quarter worth about $11,913,000. Finally, Northern Trust Corp lifted its stake in shares of GMS by 13.9% in the fourth quarter. Northern Trust Corp now owns 580,130 shares of the company’s stock worth $49,212,000 after buying an additional 70,927 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the sale, the director now directly owns 31,507 shares in the company, valued at $2,314,504.22. This trade represents a 28.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Turner, Jr. purchased 3,650 shares of the company’s stock in a transaction on Monday, April 7th. The shares were bought at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the transaction, the chief executive officer now owns 66,928 shares of the company’s stock, valued at approximately $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GMS shares. Royal Bank of Canada decreased 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 note on Friday, March 7th. Loop Capital decreased their price target on shares of 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 decreased their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. UBS Group set a $80.00 price target on shares of GMS in a research note on Friday, March 7th. Finally, Barclays cut their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $80.50.

GMS Price Performance

GMS stock opened at $77.17 on Friday. GMS Inc. has a 12-month low of $65.77 and a 12-month high of $105.54. The stock 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 50-day moving average price of $72.99 and a 200 day moving average price of $82.78. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. Sell-side 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.