Van Lanschot Kempen Investment Management N.V. Sells 166,996 Shares of GMS Inc. $GMS

Key Points

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Van Lanschot Kempen Investment Management N.V. lowered its stake in GMS Inc. (NYSE:GMS - Free Report) by 28.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 429,448 shares of the company's stock after selling 166,996 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 1.12% of GMS worth $31,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GMS. Envestnet Asset Management Inc. increased its position in shares of GMS by 10.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 25,448 shares of the company's stock valued at $2,159,000 after acquiring an additional 2,410 shares during the last quarter. Bank of Montreal Can increased its position in shares of GMS by 8.5% in the fourth quarter. Bank of Montreal Can now owns 6,359 shares of the company's stock valued at $539,000 after acquiring an additional 499 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of GMS in the fourth quarter valued at about $1,547,000. Summit Investment Advisors Inc. increased its position in GMS by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company's stock worth $350,000 after buying an additional 131 shares during the last quarter. Finally, Barclays PLC increased its position in GMS by 2.3% during the fourth quarter. Barclays PLC now owns 72,205 shares of the company's stock worth $6,125,000 after buying an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

GMS Price Performance

Shares of GMS stock traded up $0.0650 during trading on Friday, hitting $109.8950. The company had a trading volume of 859,110 shares, compared to its average volume of 996,515. 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 capitalization of $4.18 billion, a P/E ratio of 38.03 and a beta of 1.76. The stock's 50-day moving average price is $105.80 and its 200 day moving average price is $85.97. GMS Inc. has a one year low of $65.77 and a one year high of $110.28.

GMS (NYSE:GMS - Get Free Report) last issued 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 analysts' expectations of $1.30 billion. GMS had a return on equity of 16.97% and a net margin of 2.09%.The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 earnings per share. Equities analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GMS has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on GMS from $95.20 to $110.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 1st. DA Davidson boosted their price target on GMS from $95.20 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Loop Capital boosted their price target on GMS from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 1st. Barclays boosted their price target on GMS from $95.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Finally, Baird R W cut GMS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $101.11.

Insider Activity at GMS

In related news, COO George T. Hendren sold 5,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was 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 directly owned 23,950 shares in the company, valued at approximately $2,592,108.50. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Coliseum Capital Management, L sold 54,944 shares of the business'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 value of $6,046,587.20. Following the completion of the sale, the insider owned 3,486,524 shares of the company's stock, valued at approximately $383,691,966.20. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,627 shares of company stock valued at $37,808,097. 1.90% of the stock is currently owned by corporate insiders.

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.