New York State Common Retirement Fund Sells 4,993 Shares of GMS Inc. (NYSE:GMS)

New York State Common Retirement Fund reduced its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 19.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,060 shares of the company's stock after selling 4,993 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of GMS worth $1,541,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of GMS by 51.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock valued at $598,000 after purchasing an additional 2,753 shares during the period. Principal Financial Group Inc. boosted its position in shares of GMS by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 224,048 shares of the company's stock valued at $16,394,000 after purchasing an additional 3,799 shares during the period. SG Americas Securities LLC acquired a new position in shares of GMS in the 1st quarter valued at $442,000. Yousif Capital Management LLC boosted its position in shares of GMS by 1.0% in the 1st quarter. Yousif Capital Management LLC now owns 15,143 shares of the company's stock valued at $1,108,000 after purchasing an additional 147 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of GMS by 38.3% in the 1st 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. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Stock Down 0.1%

Shares of GMS stock traded down $0.08 during trading on Monday, hitting $109.62. 1,074,616 shares of the stock traded hands, compared to its average volume of 2,379,002. The stock has a market cap of $4.17 billion, a P/E ratio of 37.93 and a beta of 1.71. 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 Inc. has a twelve month low of $65.77 and a twelve month high of $110.28. The company has a fifty day moving average price of $93.10 and a two-hundred day moving average price of $82.59.

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

Insider Activity

In other news, major shareholder Coliseum Capital Management, L sold 54,944 shares of GMS stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $110.05, for a total transaction of $6,046,587.20. Following the completion of the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO George T. Hendren sold 5,000 shares of the firm's 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 transaction, the chief operating officer directly owned 23,950 shares in the company, valued at $2,592,108.50. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 343,627 shares of company stock valued at $37,808,097. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. DA Davidson increased their price target on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada increased their price target on GMS from $95.20 to $110.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 1st. Baird R W lowered GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Loop Capital raised their price objective on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 1st. Finally, Stephens lowered GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Friday, June 27th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.