SCHEDULE: FMR LLC Updates GMS INC Stake to 3.6%

Sentiment:

Beneficial Ownership Update 8 September 2025 11:46 AM

FMR LLC and Abigail P. Johnson filed an Amendment No. 3 to Schedule 13G, disclosing a continued beneficial ownership of 3.6% of GMS INC common stock as of August 29, 2025.

Summary

FMR LLC and Abigail P. Johnson, through various affiliated entities, beneficially own 1,390,296.11 shares of GMS INC common stock.
This ownership represents 3.6% of the total outstanding common stock of GMS INC.
The filing is an Amendment No. 3 to a Schedule 13G, indicating an update to previously reported beneficial ownership.
The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of GMS INC.
Abigail P. Johnson is identified as a Director, Chairman, and Chief Executive Officer of FMR LLC, and a predominant owner of FMR LLC's voting shares.

Sentiment

Score: 5

Explanation: The filing is a routine compliance update regarding beneficial ownership and does not contain new information that would significantly alter the investment sentiment for GMS INC.

Positives

The continued beneficial ownership by a major institutional investor like FMR LLC and its affiliates signals ongoing confidence in GMS INC.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: Provides transparency regarding the continued significant, but non-controlling, stake held by a major institutional investor.

Key Dates

Date	Description
01/03/2023	Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries.
01/10/2023	Date of filing of Exhibit 24 to the Schedule 13G by FMR LLC, referencing the Power of Attorney.
01/26/2023	Effective date of Power of Attorney for Abigail P. Johnson.
01/31/2023	Date of filing of Exhibit 24 to the Schedule 13G by FMR LLC, referencing Abigail P. Johnson's Power of Attorney.
08/29/2025	Date of event which required the filing of this statement regarding beneficial ownership.
09/05/2025	Date of signing and filing of this Schedule 13G Amendment No. 3.

Recommendation

hold

The filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide new information to warrant a change in investment recommendation for GMS INC.

Keywords

GMS INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing

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