1 week Ago By Defense World Staff
JPMorgan Chase & Co. boosted its stake in GMS Inc. (NYSE:GMS – Free Report) by 29.
1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,559 shares of the company’s stock after purchasing an additional 61,842 shares during the period. JPMorgan Chase & Co.
owned about 0.71% of GMS worth $23,291,000 at the end of the most recent reporting period. Other large investors have also bought and sold shares of the company.
AlphaQuest LLC increased its stake in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after buying an additional 325 shares during the period.
Blue Trust Inc. boosted its holdings in GMS by 71.3% in the fourth quarter.
Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after acquiring an additional 285 shares during the last quarter. Smartleaf Asset Management LLC increased its position in GMS by 246.
5% during the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares during the period. Stifel Financial Corp bought a new position in GMS during the 3rd quarter worth approximately $222,000.
Finally, Choreo LLC lifted its position in shares of GMS by 12.1% in the 4th quarter. Choreo LLC now owns 2,668 shares of the company’s stock worth $227,000 after purchasing an additional 288 shares during the period.
95.28% of the stock is owned by institutional investors. Insider Activity at GMSIn other GMS news, CEO John C.
Turner, Jr. acquired 3,650 shares of GMS stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $70.
00 per share, for a total transaction of $255,500.00. Following the purchase, the chief executive officer now directly owns 66,928 shares of the company’s stock, valued at $4,684,960.
This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Also, Director Theron I. Gilliam sold 12,474 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $73.
46, for a total value of $916,340.04. Following the sale, the director now directly owns 31,507 shares of the company’s stock, valued at approximately $2,314,504.
22. This represents a 28.36 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
GMS Trading Up 10.5 %NYSE GMS opened at $73.77 on Thursday.
The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.
97. GMS Inc. has a 52 week low of $65.
77 and a 52 week high of $105.54. The business has a 50 day moving average price of $76.
73 and a 200-day moving average price of $86.17. The company has a market cap of $2.
83 billion, a price-to-earnings ratio of 13.56 and a beta of 1.62.
GMS (NYSE:GMS – Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.
39 by ($0.47). The business had revenue of $1.
26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a return on equity of 20.
67% and a net margin of 3.92%. As a group, equities analysts expect that GMS Inc.
will post 7.26 earnings per share for the current fiscal year. Wall Street Analysts Forecast GrowthSeveral equities research analysts have recently weighed in on GMS shares.
Barclays decreased 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.
Loop Capital lowered their price objective on GMS from $93.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, March 10th.
Truist Financial cut their target price on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th.
DA Davidson decreased their target price on GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th.
Finally, Robert W. Baird dropped their price target on GMS from $110.00 to $93.
00 and set an “outperform” rating on the stock 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. According to MarketBeat.
com, the company presently has an average rating of “Hold” and a consensus price target of $80.50.View Our Latest Research Report on GMSGMS Profile (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.Read MoreFive stocks we like better than GMSDiversification Can Smooth Returns And Mitigate Portfolio RiskQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreWhat Are Dividends? Buy the Best Dividend StocksAre Tariffs Threatening Disney’s Comeback Story?Low PE Growth Stocks: Unlocking Investment OpportunitiesIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding GMS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for GMS Inc. (NYSE:GMS – Free Report)..
