GMS Inc. (NYSE:GMS) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its position in GMS Inc. (NYSE:GMS) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,914 shares of the company’s stock after selling 911 shares during the period. GHP Investment Advisors Inc. owned approximately 0.11% of GMS worth $3,725,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in GMS by 138.8% in the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock worth $56,000 after buying an additional 361 shares during the period. Blue Trust Inc. boosted its holdings in shares of GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after acquiring an additional 285 shares during the last quarter. KBC Group NV increased its stake in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after acquiring an additional 281 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of GMS in the second quarter worth $201,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of GMS during the third quarter worth $219,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other GMS news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $102.13, for a total transaction of $510,650.00. Following the transaction, the chief operating officer now owns 23,772 shares of the company’s stock, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

GMS Trading Down 0.3 %

Shares of GMS stock opened at $83.97 on Friday. GMS Inc. has a twelve month low of $77.29 and a twelve month high of $105.54. The firm’s 50-day moving average price is $87.60 and its 200 day moving average price is $90.47. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $3.26 billion, a PE ratio of 15.44 and a beta of 1.72.

GMS (NYSE:GMS) last released its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business earned $2.30 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that GMS Inc. will post 7.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GMS has been the topic of several analyst reports. DA Davidson cut their price target on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Loop Capital raised their target price on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. Robert W. Baird reduced their price target on GMS from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, December 6th. Barclays lowered their price objective on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 target price (up from $78.00) on shares of GMS in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $93.57.

GMS Company 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.