GMS Inc. (NYSE:GMS) Holdings Decreased by TD Asset Management Inc

TD Asset Management Inc trimmed its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 19.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,286 shares of the company's stock after selling 5,940 shares during the quarter. TD Asset Management Inc owned about 0.07% of GMS worth $1,850,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Eukles Asset Management acquired a new position in GMS during the first quarter worth $33,000. Canada Pension Plan Investment Board acquired a new position in shares of GMS during the 4th quarter worth approximately $34,000. Versant Capital Management Inc increased 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 boosted its position in shares of GMS by 38.3% during the 1st quarter. GAMMA Investing LLC now owns 801 shares of the company's stock worth $59,000 after acquiring an additional 222 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of GMS during the fourth quarter worth about $280,000. 95.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L sold 54,944 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $110.05, for a total value of $6,046,587.20. Following the transaction, the insider owned 3,486,524 shares in the company, valued at approximately $383,691,966.20. This represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO George T. Hendren sold 5,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $108.23, for a total value of $541,150.00. Following the transaction, the chief operating officer directly owned 23,950 shares in the company, valued at approximately $2,592,108.50. This represents a 17.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 343,627 shares of company stock worth $37,808,097. 1.90% of the stock is owned by company insiders.

GMS Price Performance

NYSE GMS traded down $0.01 on Thursday, hitting $109.50. The company had a trading volume of 705,054 shares, compared to its average volume of 783,232. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The company's fifty day moving average price is $98.03 and its 200-day moving average price is $83.89. The company has a market capitalization of $4.17 billion, a PE ratio of 37.89 and a beta of 1.76. GMS Inc. has a 12-month low of $65.77 and a 12-month high of $110.28.

GMS (NYSE:GMS - Get Free Report) last released 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. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. GMS's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 EPS. As a group, analysts predict that GMS Inc. will post 7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GMS. DA Davidson lifted their price target on GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Baird R W lowered shares of GMS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Loop Capital increased their price target on shares of GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 1st. Barclays increased their price target 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, 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, According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.