SG Americas Securities LLC Sells 836 Shares of GMS Inc. (NYSE:GMS)

SG Americas Securities LLC lessened its stake in GMS Inc. (NYSE:GMSGet Rating) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,382 shares of the company’s stock after selling 836 shares during the quarter. SG Americas Securities LLC’s holdings in GMS were worth $284,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its position in GMS by 14.7% during the first quarter. GHP Investment Advisors Inc. now owns 47,718 shares of the company’s stock worth $2,375,000 after buying an additional 6,122 shares during the last quarter. Summit Global Investments bought a new position in GMS during the first quarter worth $1,090,000. C M Bidwell & Associates Ltd. acquired a new position in shares of GMS in the first quarter valued at $168,000. Mutual of America Capital Management LLC raised its position in shares of GMS by 5.2% in the first quarter. Mutual of America Capital Management LLC now owns 6,204 shares of the company’s stock valued at $309,000 after purchasing an additional 309 shares during the period. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of GMS during the 1st quarter worth about $1,001,000. Institutional investors and hedge funds own 98.94% of the company’s stock.

GMS Stock Performance

Shares of NYSE:GMS opened at $46.30 on Wednesday. GMS Inc. has a 1 year low of $36.10 and a 1 year high of $61.79. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.70 and a beta of 1.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.30 and a quick ratio of 1.43. The company’s 50 day simple moving average is $43.85 and its 200 day simple moving average is $46.81.

GMS (NYSE:GMSGet Rating) last posted its quarterly earnings results on Thursday, September 1st. The company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.18. GMS had a return on equity of 34.71% and a net margin of 6.09%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. GMS’s revenue was up 30.5% on a year-over-year basis. As a group, research analysts predict that GMS Inc. will post 8.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GMS has been the topic of several research analyst reports. Robert W. Baird lowered their price target on shares of GMS to $56.00 in a report on Thursday, October 20th. StockNews.com assumed coverage on shares of GMS in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Finally, Truist Financial cut GMS from a “buy” rating to a “hold” rating and cut their price target for the company from $50.00 to $46.00 in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.83.

Insider Buying and Selling at GMS

In other GMS news, major shareholder Coliseum Capital Management, L bought 205,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of $40.19 per share, for a total transaction of $8,238,950.00. Following the transaction, the insider now directly owns 6,336,573 shares in the company, valued at $254,666,868.87. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Coliseum Capital Management, L bought 205,000 shares of the business’s stock in a transaction on Friday, September 30th. The shares were purchased at an average cost of $40.19 per share, with a total value of $8,238,950.00. Following the acquisition, the insider now owns 6,336,573 shares of the company’s stock, valued at $254,666,868.87. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Craig D. Apolinsky sold 6,324 shares of the stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $39.07, for a total value of $247,078.68. Following the completion of the sale, the vice president now directly owns 9,870 shares of the company’s stock, valued at approximately $385,620.90. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

GMS Company Profile

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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.

See Also

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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