New York State Teachers Retirement System Sells 4,272 Shares of GMS Inc. (NYSE:GMS)

New York State Teachers Retirement System trimmed its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,286 shares of the company's stock after selling 4,272 shares during the quarter. New York State Teachers Retirement System's holdings in GMS were worth $1,265,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company's stock valued at $497,849,000 after purchasing an additional 1,636,612 shares in the last quarter. Coliseum Capital Management LLC boosted its position in shares of GMS by 135.0% in the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company's stock worth $160,285,000 after buying an additional 1,085,551 shares during the period. Granite Investment Partners LLC purchased a new stake in shares of GMS during the fourth quarter worth $11,913,000. Reinhart Partners LLC. raised its holdings in shares of GMS by 17.5% during the first quarter. Reinhart Partners LLC. now owns 636,235 shares of the company's stock worth $46,553,000 after acquiring an additional 94,716 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in GMS by 13.9% during the fourth quarter. Northern Trust Corp now owns 580,130 shares of the company's stock valued at $49,212,000 after buying an additional 70,927 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GMS

In related news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $108.23, for a total transaction of $541,150.00. Following the transaction, the chief operating officer owned 23,950 shares of the company's stock, valued at approximately $2,592,108.50. This trade represents a 17.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.

GMS Stock Down 0.0%

GMS stock traded down $0.04 during trading on Friday, reaching $109.33. The stock had a trading volume of 2,525,941 shares, compared to its average volume of 550,967. GMS Inc. has a one year low of $65.77 and a one year high of $109.70. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.85. The company's 50 day moving average is $85.52 and its two-hundred day moving average is $80.62. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 37.83 and a beta of 1.71.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.18. GMS had a net margin of 2.09% and a return on equity of 16.97%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the company posted $1.93 EPS. GMS's revenue was down 5.6% compared to the same quarter last year. Equities research analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GMS. Loop Capital lifted their price objective on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada lifted their target price on shares of GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 1st. Raymond James Financial downgraded GMS from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 25th. Barclays upped their target price on shares of GMS from $95.00 to $110.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Finally, Baird R W cut shares of GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $101.11.

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.