GMS Inc. (NYSE:GMS) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in shares of GMS Inc. (NYSE:GMSFree Report) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,056,053 shares of the company’s stock after buying an additional 9,516 shares during the period. Federated Hermes Inc.’s holdings in GMS were worth $85,128,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GMS. Blue Trust Inc. boosted its position in shares of GMS by 86.4% during the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of GMS during the 1st quarter valued at about $77,000. GAMMA Investing LLC boosted its position in shares of GMS by 107.6% during the 1st quarter. GAMMA Investing LLC now owns 793 shares of the company’s stock valued at $77,000 after purchasing an additional 411 shares in the last quarter. LRI Investments LLC bought a new position in shares of GMS during the 1st quarter valued at about $127,000. Finally, TFO Wealth Partners LLC boosted its position in shares of GMS by 174,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock valued at $144,000 after purchasing an additional 1,740 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Analyst Ratings Changes

GMS has been the subject of several research reports. Robert W. Baird reduced their price objective on shares of GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Royal Bank of Canada decreased their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, June 21st. Loop Capital decreased their target price on shares of GMS from $100.00 to $85.00 and set a “hold” rating for the company in a report on Friday, June 21st. StockNews.com cut shares of GMS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, DA Davidson decreased their target price on shares of GMS from $105.00 to $97.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.63.

Read Our Latest Stock Report on GMS

GMS Stock Performance

GMS stock opened at $86.23 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The stock has a market cap of $3.39 billion, a P/E ratio of 12.81 and a beta of 1.67. The firm has a 50 day simple moving average of $88.59 and a 200 day simple moving average of $90.76. GMS Inc. has a 52 week low of $56.58 and a 52 week high of $101.04.

GMS (NYSE:GMSGet Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.21). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.40 earnings per share. Research analysts anticipate that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total transaction of $713,528.00. Following the transaction, the senior vice president now owns 10,671 shares of the company’s stock, valued at $963,804.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

About GMS

(Free Report)

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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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