GMS Inc. (NYSE:GMS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 76.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,085 shares of the company's stock after selling 38,612 shares during the period. Teacher Retirement System of Texas' holdings in GMS were worth $884,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of GMS by 51.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,116 shares of the company's stock worth $598,000 after purchasing an additional 2,753 shares during the last quarter. Janney Montgomery Scott LLC lifted 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 last quarter. SummerHaven Investment Management LLC lifted 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 last quarter. SG Americas Securities LLC purchased a new stake in shares of GMS during the 1st quarter worth $442,000. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 222 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GMS

In other news, major shareholder Coliseum Capital Management, L sold 179,133 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the transaction, the insider directly owned 3,646,018 shares in the company, valued at $401,244,280.90. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $108.23, for a total transaction of $541,150.00. Following the transaction, the chief operating officer owned 23,950 shares in the company, valued at approximately $2,592,108.50. This trade represents 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 worth $37,808,097. Company insiders own 1.90% of the company's stock.

GMS Stock Performance

NYSE GMS traded down $0.05 during trading on Friday, reaching $109.91. The company's stock had a trading volume of 702,390 shares, compared to its average volume of 731,333. 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 firm has a market cap of $4.18 billion, a price-to-earnings ratio of 38.03 and a beta of 1.71. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $110.28. The business's fifty day moving average price is $88.43 and its 200-day moving average price is $81.29.

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. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $1.93 earnings per share. As a group, analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GMS shares. Raymond James Financial cut shares of GMS from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Barclays boosted 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. Stephens cut shares of GMS from a "strong-buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Friday, June 27th. DA Davidson boosted their price target on shares of GMS from $95.20 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Truist Financial boosted their price target on shares of GMS from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 1st. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $101.11.

About GMS

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.