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

Russell Investments Group Ltd. cut its stake in GMS Inc. (NYSE:GMS – Get Rating) by 33.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,741 shares of the company’s stock after selling 26,087 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of GMS worth $2,577,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GMS. Raymond James & Associates lifted its holdings in GMS by 1.4% in the first quarter. Raymond James & Associates now owns 29,964 shares of the company’s stock valued at $1,491,000 after acquiring an additional 404 shares during the period. HighTower Advisors LLC acquired a new position in GMS in the first quarter valued at approximately $1,434,000. PNC Financial Services Group Inc. lifted its holdings in GMS by 66.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the company’s stock valued at $238,000 after acquiring an additional 1,902 shares during the period. Bank of Montreal Can lifted its holdings in GMS by 10.7% in the first quarter. Bank of Montreal Can now owns 14,191 shares of the company’s stock valued at $759,000 after acquiring an additional 1,373 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of GMS by 57.5% in the first quarter. MetLife Investment Management LLC now owns 23,173 shares of the company’s stock valued at $1,153,000 after buying an additional 8,460 shares in the last quarter. 96.34% of the stock is owned by institutional investors and hedge funds.

GMS Stock Down 0.5 %

NYSE GMS opened at $64.42 on Friday. The business has a fifty day moving average price of $56.61 and a 200 day moving average price of $54.77. GMS Inc. has a one year low of $36.10 and a one year high of $65.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.58 and a current ratio of 2.53. The company has a market cap of $2.66 billion, a P/E ratio of 8.30 and a beta of 1.84.

GMS (NYSE:GMS – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $1.85 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.01). GMS had a net margin of 6.28% and a return on equity of 34.16%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $1.74 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts anticipate that GMS Inc. will post 8.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GMS shares. Barclays increased their target price on GMS from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, March 6th. Robert W. Baird increased their target price on GMS from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, January 24th. Finally, StockNews.com upgraded GMS from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insiders Place Their Bets

In other GMS news, CEO John C. Turner, Jr. sold 876 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $59.50, for a total value of $52,122.00. Following the completion of the sale, the chief executive officer now directly owns 68,240 shares of the company’s stock, valued at approximately $4,060,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other GMS news, Director John J. Gavin sold 9,816 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $60.52, for a total value of $594,064.32. Following the completion of the sale, the director now directly owns 15,513 shares of the company’s stock, valued at approximately $938,846.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John C. Turner, Jr. sold 876 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $59.50, for a total value of $52,122.00. Following the sale, the chief executive officer now directly owns 68,240 shares of the company’s stock, valued at $4,060,280. The disclosure for this sale can be found here. Insiders sold 13,018 shares of company stock valued at $784,983 in the last three months. 1.60% of the stock is currently owned by insiders.

About GMS

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GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The firm offers ceiling 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.