KBC Group NV Has $128,000 Stock Holdings in GMS Inc. (NYSE:GMS)

KBC Group NV lessened its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 96.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,748 shares of the company's stock after selling 51,668 shares during the period. KBC Group NV's holdings in GMS were worth $128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of GMS by 51.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock worth $598,000 after acquiring an additional 2,753 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of GMS by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,677 shares of the company's stock worth $1,952,000 after purchasing an additional 734 shares during the period. SummerHaven Investment Management LLC raised its position in shares of GMS by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 9,776 shares of the company's stock worth $715,000 after purchasing an additional 171 shares during the period. SG Americas Securities LLC acquired a new stake in shares of GMS during the 1st quarter worth approximately $442,000. Finally, GAMMA Investing LLC grew its holdings in GMS by 38.3% in the 1st quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Stock Performance

Shares of GMS traded down $0.21 during mid-day trading on Tuesday, hitting $109.32. The company's stock had a trading volume of 1,991,574 shares, compared to its average volume of 659,803. The firm has a market capitalization of $4.16 billion, a PE ratio of 37.83 and a beta of 1.71. GMS Inc. has a one year low of $65.77 and a one year high of $109.70. The stock's 50-day moving average is $82.68 and its two-hundred day moving average is $79.90. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91.

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

Insider Transactions at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $108.23, for a total transaction of $541,150.00. Following the completion of the transaction, the chief operating officer directly owned 23,950 shares in the company, valued at $2,592,108.50. This represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GMS shares. Baird R W lowered GMS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 23rd. DA Davidson upped their target price on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Stephens downgraded GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Friday, June 27th. Royal Bank Of Canada increased their price objective on GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 1st. Finally, Raymond James Financial cut GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.