GMS Inc. (NYSE:GMS) Holdings Decreased by Amalgamated Bank

Amalgamated Bank lessened its stake in GMS Inc. (NYSE:GMS) by 4.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,693 shares of the company’s stock after selling 487 shares during the period. Amalgamated Bank’s holdings in GMS were worth $1,059,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in shares of GMS in the 1st quarter worth $68,693,000. American Century Companies Inc. raised its position in GMS by 28.5% in the second quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after acquiring an additional 406,406 shares in the last quarter. LSV Asset Management boosted its position in shares of GMS by 103.0% during the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after purchasing an additional 350,478 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of GMS in the 2nd quarter worth approximately $24,601,000. Finally, Interval Partners LP bought a new stake in shares of GMS in the 1st quarter worth approximately $8,761,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insider Buying and Selling at GMS

In related news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the completion of the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GMS shares. Barclays reduced their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. Robert W. Baird boosted their target price on GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com lowered GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Truist Financial dropped their price target on GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $91.50.

GMS Stock Performance

Shares of GMS stock opened at $101.34 on Thursday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 16.72 and a beta of 1.68. GMS Inc. has a 1-year low of $64.28 and a 1-year high of $103.56. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $91.35 and its 200-day simple moving average is $90.31.

GMS (NYSE:GMS) last released its earnings results on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.21). The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. GMS had a net margin of 4.45% and a return on equity of 22.02%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.40 EPS. On average, sell-side analysts predict that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

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.