GMS Inc. (NYSE:GMS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in GMS Inc. (NYSE:GMS - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,157 shares of the company's stock after selling 11,199 shares during the period. Russell Investments Group Ltd. owned about 0.24% of GMS worth $8,096,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of GMS by 5.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,683 shares of the company's stock worth $300,000 after buying an additional 232 shares in the last quarter. Raymond James & Associates grew its position in shares of GMS by 23.8% in the third quarter. Raymond James & Associates now owns 36,263 shares of the company's stock valued at $2,320,000 after purchasing an additional 6,964 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of GMS in the third quarter valued at approximately $234,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GMS by 13.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,505 shares of the company's stock worth $544,000 after buying an additional 1,035 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in GMS by 8.1% during the third quarter. Mackenzie Financial Corp now owns 7,293 shares of the company's stock worth $451,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company's stock.

Insider Buying and Selling

In other GMS news, CEO John C. Turner, Jr. sold 6,266 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares in the company, valued at approximately $4,691,060.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John C. Turner, Jr. sold 6,266 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following the completion of the transaction, the chief executive officer now owns 48,074 shares of the company's stock, valued at approximately $4,691,060.92. The disclosure for this sale can be found here. Insiders sold 36,820 shares of company stock valued at $3,561,192 in the last three months. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GMS has been the topic of several analyst reports. StockNews.com lowered GMS from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 2nd. Stephens raised their price target on shares of GMS from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Robert W. Baird upped their price objective on GMS from $92.00 to $105.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Barclays raised their target price on GMS from $75.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 5th. Finally, Truist Financial upped their price target on GMS from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, GMS currently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

GMS Trading Down 1.5 %

Shares of GMS stock traded down $1.39 on Wednesday, hitting $93.07. The stock had a trading volume of 373,603 shares, compared to its average volume of 348,849. The company's 50 day moving average price is $94.08 and its 200-day moving average price is $82.46. GMS Inc. has a 1 year low of $56.58 and a 1 year high of $101.04. The firm has a market capitalization of $3.70 billion, a P/E ratio of 13.03 and a beta of 1.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). The business had revenue of $1.26 billion during 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 company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. Analysts anticipate that GMS Inc. will post 8.36 earnings per share for the current year.

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.