SG Americas Securities LLC Purchases Shares of 6,038 GMS Inc. (NYSE:GMS)

SG Americas Securities LLC bought a new stake in GMS Inc. (NYSE:GMS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,038 shares of the company's stock, valued at approximately $442,000.

Several other institutional investors and hedge funds have also modified their holdings of GMS. FMR LLC grew its holdings in GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company's stock worth $497,849,000 after acquiring an additional 1,636,612 shares during the last quarter. Coliseum Capital Management LLC lifted its position in shares of GMS by 135.0% during the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company's stock worth $160,285,000 after purchasing an additional 1,085,551 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of GMS by 17.5% during the first quarter. Reinhart Partners LLC. now owns 636,235 shares of the company's stock valued at $46,553,000 after purchasing an additional 94,716 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of GMS by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company's stock valued at $51,722,000 after purchasing an additional 15,664 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of GMS by 3.4% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 596,444 shares of the company's stock valued at $50,596,000 after purchasing an additional 19,833 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Trading Down 0.9%

Shares of GMS stock traded down $0.90 during trading on Wednesday, hitting $98.79. 896,872 shares of the company were exchanged, compared to its average volume of 444,318. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The firm has a market capitalization of $3.76 billion, a P/E ratio of 34.18 and a beta of 1.62. The firm's fifty day moving average price is $77.13 and its 200 day moving average price is $79.19. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last issued its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.18. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 earnings per share. As a group, sell-side analysts expect that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Baird R W downgraded GMS from a "strong-buy" rating to a "hold" rating in a report on Monday. Raymond James Financial reaffirmed a "market perform" rating on shares of GMS in a research note on Wednesday. Loop Capital decreased their price target on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, March 10th. UBS Group set a $80.00 price objective on GMS in a report on Friday, March 7th. Finally, Truist Financial upped their target price on shares of GMS from $80.00 to $105.00 and gave the company a "hold" rating in a research report on Friday, June 20th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $90.58.

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.