BNP Paribas Financial Markets Cuts Holdings in GMS Inc. (NYSE:GMS)

BNP Paribas Financial Markets cut its position in GMS Inc. (NYSE:GMS - Free Report) by 72.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,728 shares of the company's stock after selling 14,710 shares during the period. BNP Paribas Financial Markets' holdings in GMS were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its stake in GMS by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company's stock valued at $350,000 after acquiring an additional 131 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of GMS by 2.9% during the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock worth $400,000 after purchasing an additional 134 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of GMS by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company's stock valued at $3,182,000 after purchasing an additional 148 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of GMS by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock valued at $249,000 after purchasing an additional 211 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after purchasing an additional 285 shares during the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Loop Capital reduced their price objective on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. DA Davidson reduced their price target on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Royal Bank of Canada lowered their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Barclays dropped their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Finally, Robert W. Baird reduced their target price on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, GMS presently has an average rating of "Hold" and an average price target of $80.50.

Insider Transactions at GMS

In other news, CEO John C. Turner, Jr. acquired 3,650 shares of the company's stock in a transaction dated Monday, April 7th. The stock was 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 owns 66,928 shares of the company's stock, valued at $4,684,960. This represents a 5.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Theron I. Gilliam sold 12,474 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now owns 31,507 shares of the company's stock, valued at $2,314,504.22. This trade represents a 28.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

GMS Trading Up 1.8%

Shares of GMS stock traded up $1.33 during trading hours on Thursday, hitting $76.82. The company's stock had a trading volume of 382,004 shares, compared to its average volume of 417,589. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 14.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $105.54. The firm has a fifty day moving average of $73.43 and a 200-day moving average of $81.56.

GMS (NYSE:GMS - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. Research 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.