GMS Inc. (NYSE:GMS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 94.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,477 shares of the company's stock after selling 40,736 shares during the period. SG Americas Securities LLC's holdings in GMS were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP purchased a new position in GMS during the second quarter valued at approximately $29,000. Point72 Hong Kong Ltd boosted its stake in GMS by 41.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 958 shares of the company's stock worth $43,000 after purchasing an additional 279 shares during the period. Royal Bank of Canada grew its holdings in GMS by 32.5% during the 3rd quarter. Royal Bank of Canada now owns 1,153 shares of the company's stock valued at $46,000 after buying an additional 283 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of GMS by 29.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,505 shares of the company's stock valued at $100,000 after buying an additional 569 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new position in shares of GMS in the fourth quarter worth $103,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GMS

In related news, COO George T. Hendren sold 10,554 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $96.49, for a total value of $1,018,355.46. Following the completion of the sale, the chief operating officer now owns 23,261 shares in the company, valued at $2,244,453.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other GMS news, COO George T. Hendren sold 10,554 shares of the firm's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the transaction, the chief operating officer now owns 23,261 shares of the company's stock, valued at approximately $2,244,453.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Craig D. Apolinsky sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the completion of the sale, the senior vice president now directly owns 10,360 shares of the company's stock, valued at approximately $1,000,465.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,820 shares of company stock valued at $3,561,192. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird increased their price objective on shares of GMS from $92.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price target on GMS from $84.00 to $92.00 and gave the stock a "sector perform" rating in a research report on Friday, March 1st. StockNews.com downgraded GMS from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 4th. Stephens lifted their target price on GMS from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Finally, Truist Financial increased their price target on GMS from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $89.63.

GMS Trading Down 1.3 %

GMS traded down $1.26 during trading hours on Friday, reaching $95.31. 202,410 shares of the company's stock traded hands, compared to its average volume of 412,261. The firm has a 50-day moving average price of $92.35 and a 200 day moving average price of $78.49. The firm has a market capitalization of $3.79 billion, a PE ratio of 13.35 and a beta of 1.73. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. GMS Inc. has a 52-week low of $54.59 and a 52-week high of $101.04.

GMS (NYSE:GMS - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($0.01). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, sell-side analysts predict that GMS Inc. will post 8.36 EPS for the current fiscal year.

GMS Company 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.