GMS Inc. (NYSE:GMS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 81.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,927 shares of the company's stock after selling 90,377 shares during the period. Assenagon Asset Management S.A. owned about 0.05% of GMS worth $1,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GMS. AlphaQuest LLC boosted its position in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in GMS during the fourth quarter valued at $34,000. Versant Capital Management Inc grew its position in GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock valued at $52,000 after buying an additional 445 shares during the period. GAMMA Investing LLC grew its position in GMS by 38.3% during the first quarter. GAMMA Investing LLC now owns 801 shares of the company's stock valued at $59,000 after buying an additional 222 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after buying an additional 705 shares during the period. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GMS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of GMS in a research report on Tuesday. DA Davidson decreased their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Truist Financial set a $80.00 price objective on shares of GMS in a report on Tuesday. Barclays restated an "equal weight" rating on shares of GMS in a report on Tuesday. Finally, Loop Capital dropped their target price on shares of GMS from $93.00 to $80.00 and set a "hold" rating for the company in a report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $80.50.

Insider Buying and Selling at GMS

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

GMS Stock Up 10.8%

Shares of GMS stock traded up $7.88 on Thursday, reaching $81.12. 2,161,504 shares of the company were exchanged, compared to its average volume of 426,285. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54. The company has a market cap of $3.11 billion, a P/E ratio of 28.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.38. The stock's 50 day moving average price is $74.89 and its 200-day moving average price is $79.19.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.18. GMS had a return on equity of 15.29% and a net margin of 2.09%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The business's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

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.