Hancock Whitney Corp Has $273,000 Position in GMS Inc. (NYSE:GMS)

Hancock Whitney Corp lessened its stake in GMS Inc. (NYSE:GMS - Free Report) by 52.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,217 shares of the company's stock after selling 3,538 shares during the period. Hancock Whitney Corp's holdings in GMS were worth $273,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GMS. AlphaQuest LLC increased its position in GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new stake in GMS in the fourth quarter valued at $34,000. Blue Trust Inc. boosted its position in shares of GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after purchasing an additional 285 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of GMS by 246.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after purchasing an additional 705 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of GMS during the 4th quarter worth $193,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Trading Up 0.0 %

Shares of NYSE:GMS traded up $0.02 during midday trading on Thursday, reaching $73.28. The company had a trading volume of 318,960 shares, compared to its average volume of 413,680. The company has a fifty day simple moving average of $73.35 and a two-hundred day simple moving average of $84.14. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 13.47 and a beta of 1.62. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS Inc. has a 1-year low of $65.77 and a 1-year high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. Research analysts predict that GMS Inc. will post 7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GMS. Truist Financial dropped their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, March 7th. UBS Group set a $80.00 price target on shares of GMS in a research note on Friday, March 7th. DA Davidson dropped their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Loop Capital reduced their price objective on GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Finally, Barclays cut their price objective on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $80.50.

Insider Activity

In related news, CEO John C. Turner, Jr. acquired 3,650 shares of the stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the purchase, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. The trade was a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the transaction, the director now owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. The trade was a 28.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

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.