Measured Wealth Private Client Group LLC Takes Position in GMS Inc. (NYSE:GMS)

Measured Wealth Private Client Group LLC bought a new position in shares of GMS Inc. (NYSE:GMS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,998 shares of the company’s stock, valued at approximately $330,000.

A number of other institutional investors have also recently added to or reduced their stakes in GMS. Cambridge Investment Research Advisors Inc. raised its position in shares of GMS by 5.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,683 shares of the company’s stock worth $300,000 after acquiring an additional 232 shares during the last quarter. Raymond James & Associates boosted its stake in shares of GMS by 23.8% in the 3rd quarter. Raymond James & Associates now owns 36,263 shares of the company’s stock valued at $2,320,000 after purchasing an additional 6,964 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of GMS in the 3rd quarter valued at $234,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of GMS by 13.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,505 shares of the company’s stock worth $544,000 after buying an additional 1,035 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in GMS by 8.1% in the third quarter. Mackenzie Financial Corp now owns 7,293 shares of the company’s stock valued at $451,000 after buying an additional 548 shares during the period. 95.28% of the stock is owned by institutional investors.

GMS Stock Up 0.6 %

Shares of GMS traded up $0.60 during trading hours on Friday, reaching $95.32. The stock had a trading volume of 154,177 shares, compared to its average volume of 306,091. The firm has a 50-day simple moving average of $93.86 and a 200 day simple moving average of $81.68. GMS Inc. has a 12 month low of $55.88 and a 12 month high of $101.04. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.35 and a beta of 1.71.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. GMS had a return on equity of 25.65% and a net margin of 5.48%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 EPS. Equities research analysts predict that GMS Inc. will post 8.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial increased their price target 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 lifted their target price on GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. StockNews.com cut GMS from a “strong-buy” rating to a “buy” rating in a report on Thursday. Barclays lifted their price objective 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. Finally, Robert W. Baird increased their target price on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.63.

Insider Buying and Selling

In other news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the transaction, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the sale, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO George T. Hendren sold 10,554 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the transaction, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. The disclosure for this sale can be found here. Insiders have sold 36,820 shares of company stock worth $3,561,192 in the last quarter. Insiders own 1.90% of the company’s stock.

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.