GMS Inc. (NYSE:GMS) Position Reduced by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of GMS Inc. (NYSE:GMS) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,781 shares of the company’s stock after selling 248 shares during the period. Arizona State Retirement System’s holdings in GMS were worth $889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GMS. Raymond James & Associates raised its holdings in shares of GMS by 1.4% during the first quarter. Raymond James & Associates now owns 29,964 shares of the company’s stock worth $1,491,000 after purchasing an additional 404 shares during the period. HighTower Advisors LLC acquired a new stake in shares of GMS during the first quarter worth $1,434,000. PNC Financial Services Group Inc. raised its holdings in shares of GMS by 66.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the company’s stock worth $238,000 after purchasing an additional 1,902 shares during the period. Bank of Montreal Can raised its holdings in shares of GMS by 10.7% during the first quarter. Bank of Montreal Can now owns 14,191 shares of the company’s stock worth $759,000 after purchasing an additional 1,373 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of GMS by 57.5% during the first quarter. MetLife Investment Management LLC now owns 23,173 shares of the company’s stock worth $1,153,000 after purchasing an additional 8,460 shares during the period. 95.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. Also, CEO John C. Turner, Jr. sold 6,266 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $97.58, for a total transaction of $611,436.28. Following 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. In the last quarter, insiders sold 36,820 shares of company stock worth $3,561,192. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

GMS Stock Down 1.8 %

GMS stock opened at $92.69 on Wednesday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 12.98 and a beta of 1.73. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $92.54 and its two-hundred day moving average price is $78.79. GMS Inc. has a 52 week low of $54.59 and a 52 week high of $101.04.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.60 earnings per share 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $1.85 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect 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.