KBC Group NV Buys 281 Shares of GMS Inc. (NYSE:GMS)

KBC Group NV boosted its position in shares of GMS Inc. (NYSE:GMS) by 31.9% during the third quarter, Holdings Channel.com reports. The fund owned 1,162 shares of the company’s stock after acquiring an additional 281 shares during the quarter. KBC Group NV’s holdings in GMS were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of GMS by 28.5% during the 2nd quarter. American Century Companies Inc. now owns 1,830,833 shares of the company’s stock worth $147,583,000 after acquiring an additional 406,406 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of GMS by 0.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,474,821 shares of the company’s stock worth $118,885,000 after buying an additional 6,396 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of GMS by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,056,053 shares of the company’s stock worth $85,128,000 after buying an additional 9,516 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of GMS by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 739,908 shares of the company’s stock valued at $59,644,000 after buying an additional 34,205 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of GMS by 103.0% in the 2nd quarter. LSV Asset Management now owns 690,820 shares of the company’s stock valued at $55,687,000 after acquiring an additional 350,478 shares during the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Price Performance

Shares of NYSE:GMS opened at $99.22 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average is $93.01 and its 200 day moving average is $90.50. GMS Inc. has a twelve month low of $65.46 and a twelve month high of $103.56. The company has a market cap of $3.90 billion, a PE ratio of 16.37 and a beta of 1.68.

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

Insider Transactions at GMS

In other news, COO George T. Hendren sold 5,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GMS. Truist Financial lowered their price objective on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. StockNews.com downgraded shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Barclays dropped their price target on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, September 9th. Finally, Robert W. Baird increased their price objective on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $91.50.

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.