GMS Inc. (NYSE:GMS) Shares Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP grew its position in GMS Inc. (NYSE:GMS) by 21.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,845 shares of the company’s stock after buying an additional 6,378 shares during the period. Advantage Alpha Capital Partners LP owned 0.09% of GMS worth $3,246,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GMS. Quarry LP raised its position in shares of GMS by 37.1% during the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after buying an additional 109 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of GMS by 0.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,805 shares of the company’s stock valued at $1,884,000 after purchasing an additional 113 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of GMS by 2.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,231 shares of the company’s stock valued at $664,000 after purchasing an additional 161 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of GMS by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,509 shares of the company’s stock valued at $847,000 after purchasing an additional 162 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of GMS by 86.4% during the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Insider Transactions 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 value of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird upped their target price on shares of GMS from $96.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. DA Davidson cut shares of GMS from a “buy” rating to a “neutral” rating and set a $97.00 price objective for the company. in a research report on Tuesday. Barclays dropped 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. Loop Capital boosted their target price on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday. Finally, Truist Financial dropped their target price on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.50.

GMS Stock Performance

Shares of GMS opened at $103.82 on Tuesday. GMS Inc. has a 1 year low of $65.46 and a 1 year high of $105.54. The stock has a market capitalization of $4.08 billion, a PE ratio of 17.13 and a beta of 1.68. 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 50-day simple moving average of $93.90 and a 200-day simple moving average of $90.62.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $2.40 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, 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.