River Road Asset Management LLC Has $6.05 Million Holdings in GMS Inc. (NYSE:GMS)

River Road Asset Management LLC trimmed its position in GMS Inc. (NYSE:GMS) by 63.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,417 shares of the company’s stock after selling 128,649 shares during the period. River Road Asset Management LLC’s holdings in GMS were worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GMS. Strs Ohio raised its stake in shares of GMS by 1.3% in the 3rd quarter. Strs Ohio now owns 16,200 shares of the company’s stock valued at $1,036,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. raised its position in GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in GMS by 5.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,683 shares of the company’s stock worth $300,000 after purchasing an additional 232 shares in the last quarter. Osaic Holdings Inc. lifted its stake in GMS by 8.3% during the second quarter. Osaic Holdings Inc. now owns 3,082 shares of the company’s stock worth $213,000 after purchasing an additional 236 shares during the period. Finally, Jennison Associates LLC boosted its holdings in GMS by 1.4% during the third quarter. Jennison Associates LLC now owns 16,812 shares of the company’s stock valued at $1,075,000 after purchasing an additional 237 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GMS. Truist Financial increased their target price on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada increased their price objective on GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Barclays boosted their target price on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Robert W. Baird upped their target price on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Stephens lifted their price target on shares of GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

Insiders Place Their Bets

In other news, CEO John C. Turner, Jr. sold 6,266 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the transaction, the chief executive officer now owns 48,074 shares of the company’s stock, valued at approximately $4,691,060.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO George T. Hendren sold 10,554 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the completion of the sale, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $97.58, for a total value of $611,436.28. Following the completion of the transaction, the chief executive officer now directly owns 48,074 shares in the company, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. In the last three months, insiders sold 36,820 shares of company stock valued at $3,561,192. 1.90% of the stock is currently owned by insiders.

GMS Stock Performance

GMS stock opened at $91.11 on Thursday. The company has a 50 day moving average price of $92.79 and a 200 day moving average price of $79.08. GMS Inc. has a fifty-two week low of $54.59 and a fifty-two week high of $101.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47. The stock has a market capitalization of $3.63 billion, a PE ratio of 12.76 and a beta of 1.73.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. Analysts forecast that GMS Inc. will post 8.36 EPS for the current year.

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.