GMS Inc. (NYSE:GMS) Shares Sold by KBC Group NV

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

Several other hedge funds and other institutional investors have also bought and sold shares of GMS. AlphaQuest LLC grew its position in GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in GMS during the fourth quarter worth $34,000. Versant Capital Management Inc raised its position in GMS by 170.5% during the first quarter. Versant Capital Management Inc now owns 706 shares of the company's stock worth $52,000 after acquiring an additional 445 shares during the period. GAMMA Investing LLC lifted its position in GMS by 38.3% during the first 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. Finally, New Age Alpha Advisors LLC purchased a new position in GMS during the fourth quarter worth about $193,000. Institutional investors own 95.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Loop Capital lifted their target price on shares of GMS from $95.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 1st. Stephens cut shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a report on Friday, June 27th. Robert W. Baird restated a "neutral" rating and set a $95.00 target price (up from $93.00) on shares of GMS in a research report on Monday, June 23rd. Barclays raised their target price on shares of GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 1st. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, GMS presently has a consensus rating of "Hold" and a consensus target price of $101.11.

GMS Trading Down 0.0%

Shares of GMS stock traded down $0.04 during mid-day trading on Friday, hitting $109.33. 2,525,941 shares of the stock were exchanged, compared to its average volume of 551,155. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $109.70. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 37.83 and a beta of 1.71. The company has a 50-day simple moving average of $84.84 and a 200 day simple moving average of $80.47. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.85.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $1.93 EPS. The company's quarterly revenue was down 5.6% compared to the same quarter last year. Research analysts forecast that GMS Inc. will post 7.26 EPS for the current year.

Insider Activity

In other GMS news, COO George T. Hendren sold 5,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $108.23, for a total value of $541,150.00. Following the completion of the sale, the chief operating officer owned 23,950 shares of the company's stock, valued at $2,592,108.50. This trade represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company's stock.

GMS 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.