Mercer Global Advisors Inc. ADV Purchases 3,459 Shares of GMS Inc. (NYSE:GMS)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of GMS Inc. (NYSE:GMS) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,730 shares of the company’s stock after purchasing an additional 3,459 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in GMS were worth $995,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GMS. Barclays PLC lifted its stake in GMS by 374.0% in the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after acquiring an additional 55,690 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after acquiring an additional 705 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in GMS by 42.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company’s stock valued at $9,357,000 after purchasing an additional 33,123 shares during the last quarter. AlphaQuest LLC grew its stake in 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 purchasing an additional 325 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of GMS by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock worth $51,722,000 after purchasing an additional 15,664 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John C. Turner, Jr. acquired 3,650 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $70.00 per share, with a total value of $255,500.00. Following the completion of the purchase, the chief executive officer now directly owns 66,928 shares of the company’s stock, valued at $4,684,960. The trade was a 5.77 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Theron I. Gilliam sold 12,474 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now directly owns 31,507 shares of the company’s stock, valued at $2,314,504.22. This trade represents a 28.36 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

GMS Stock Performance

NYSE:GMS opened at $75.14 on Friday. The stock has a 50 day simple moving average of $72.72 and a 200 day simple moving average of $83.27. The stock has a market cap of $2.88 billion, a P/E ratio of 13.81 and a beta of 1.66. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS) last released its quarterly 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. Research analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird decreased their target price on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Barclays dropped their target price on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Loop Capital cut 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. UBS Group set a $80.00 price target on GMS in a research report on Friday, March 7th. Finally, DA Davidson reduced 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, GMS presently has a consensus rating of “Hold” and an average price target of $80.50.

GMS Profile

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.