River Road Asset Management LLC Sells 128,649 Shares of GMS Inc. (NYSE:GMS)

River Road Asset Management LLC reduced its position in GMS Inc. (NYSE:GMS - Free Report) by 63.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,417 shares of the company's stock after selling 128,649 shares during the quarter. River Road Asset Management LLC owned approximately 0.18% of GMS worth $6,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GMS. Wellington Management Group LLP acquired a new stake in shares of GMS during the 1st quarter valued at approximately $28,532,000. Pacer Advisors Inc. lifted its position in shares of GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company's stock worth $103,068,000 after buying an additional 456,692 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of GMS by 3,313.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 462,185 shares of the company's stock valued at $1,183,000 after buying an additional 448,643 shares during the last quarter. Millennium Management LLC raised its stake in GMS by 392.3% during the second quarter. Millennium Management LLC now owns 436,444 shares of the company's stock worth $19,422,000 after acquiring an additional 347,783 shares during the period. Finally, Morgan Stanley lifted its holdings in GMS by 66.6% in the fourth quarter. Morgan Stanley now owns 523,918 shares of the company's stock worth $26,091,000 after acquiring an additional 209,513 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

Insider Activity

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

GMS Price Performance

GMS stock traded down $1.12 during mid-day trading on Thursday, hitting $90.02. The company's stock had a trading volume of 269,466 shares, compared to its average volume of 355,541. GMS Inc. has a twelve month low of $54.59 and a twelve month high of $101.04. The stock's fifty day moving average price is $92.84 and its two-hundred day moving average price is $79.16. The stock has a market capitalization of $3.58 billion, a P/E ratio of 12.61 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 (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). GMS had a net margin of 5.48% and a return on equity of 25.65%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The company's revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts forecast that GMS Inc. will post 8.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of GMS from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 4th. Barclays boosted their price objective on GMS from $75.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 5th. Truist Financial raised their target price on GMS from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, March 1st. Robert W. Baird boosted their price target on GMS from $92.00 to $105.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Finally, Stephens raised their price target on GMS from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

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.