GMS Inc. (NYSE:GMS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in shares of GMS Inc. (NYSE:GMS - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,944 shares of the company's stock after selling 6,805 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.21% of GMS worth $5,850,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. AlphaQuest LLC grew its holdings in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after acquiring an additional 325 shares during the period. Eukles Asset Management bought a new stake in shares of GMS in the first quarter worth $33,000. Canada Pension Plan Investment Board bought a new stake in shares of GMS in the fourth quarter worth $34,000. Versant Capital Management Inc grew its holdings 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 purchasing an additional 445 shares during the period. Finally, GAMMA Investing LLC grew its holdings 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 purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 95.28% of the company's stock.

GMS Trading Down 0.1%

GMS stock traded down $0.10 during midday trading on Wednesday, reaching $109.56. 1,687,089 shares of the company traded hands, compared to its average volume of 596,392. GMS Inc. has a 52-week low of $65.77 and a 52-week high of $110.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. The business has a 50 day moving average of $91.10 and a 200-day moving average of $81.99. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 37.91 and a beta of 1.71.

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

Insider Activity 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Coliseum Capital Management, L sold 54,944 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $110.05, for a total transaction of $6,046,587.20. Following the transaction, the insider owned 3,486,524 shares in the company, valued at $383,691,966.20. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,627 shares of company stock worth $37,808,097. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. DA Davidson boosted their price target on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Loop Capital upped 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. Barclays upped their price objective on GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Truist Financial upped their price objective on GMS from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 1st. Finally, Raymond James Financial lowered GMS from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 25th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, GMS presently has an average rating of "Hold" and an average price target of $101.11.

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.