Brandywine Global Investment Management LLC Sells 3,565 Shares of GMS Inc. (NYSE:GMS)

Brandywine Global Investment Management LLC cut its holdings in GMS Inc. (NYSE:GMS) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 99,365 shares of the company’s stock after selling 3,565 shares during the period. Brandywine Global Investment Management LLC’s holdings in GMS were worth $8,429,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Citigroup Inc. increased its position in GMS by 61.8% in the 3rd quarter. Citigroup Inc. now owns 49,733 shares of the company’s stock worth $4,504,000 after buying an additional 18,998 shares during the period. Rockefeller Capital Management L.P. increased its position in GMS by 61.1% during the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company’s stock worth $3,384,000 after acquiring an additional 14,174 shares during the period. Paloma Partners Management Co acquired a new position in GMS during the 3rd quarter valued at $270,000. Janus Henderson Group PLC boosted its holdings in GMS by 2.0% in the 3rd quarter. Janus Henderson Group PLC now owns 67,481 shares of the company’s stock valued at $6,112,000 after purchasing an additional 1,345 shares during the period. Finally, Quadrature Capital Ltd grew its position in GMS by 59.0% in the 3rd quarter. Quadrature Capital Ltd now owns 5,905 shares of the company’s stock worth $535,000 after purchasing an additional 2,190 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

GMS Price Performance

Shares of GMS stock opened at $73.25 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. The stock’s fifty day simple moving average is $79.16 and its 200 day simple moving average is $87.29. GMS Inc. has a one year low of $65.88 and a one year high of $105.54. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 13.46 and a beta of 1.73.

GMS (NYSE:GMS) last issued 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). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. On average, analysts expect that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GMS has been the subject of several research reports. Loop Capital reduced their target price on shares of GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, March 10th. DA Davidson reduced their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Barclays lowered their price objective on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada cut their target price on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Finally, UBS Group set a $80.00 price target on shares of GMS in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, GMS presently has an average rating of “Hold” and a consensus price target of $80.50.

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.