SG Americas Securities LLC Has $204,000 Stake in GMS Inc. (NYSE:GMS)

SG Americas Securities LLC trimmed its position in shares of GMS Inc. (NYSE:GMS) by 94.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,477 shares of the company’s stock after selling 40,736 shares during the period. SG Americas Securities LLC’s holdings in GMS were worth $204,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GMS. Wellington Management Group LLP acquired a new stake in GMS during the first quarter worth about $28,532,000. Envestnet Asset Management Inc. grew its stake in GMS by 3,313.0% during the first quarter. Envestnet Asset Management Inc. now owns 462,185 shares of the company’s stock worth $1,183,000 after buying an additional 448,643 shares in the last quarter. Millennium Management LLC grew 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 buying an additional 347,783 shares in the last quarter. Morgan Stanley grew its stake in GMS by 66.6% during the fourth quarter. Morgan Stanley now owns 523,918 shares of the company’s stock worth $26,091,000 after buying an additional 209,513 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in GMS by 3,298.8% during the fourth quarter. Lazard Asset Management LLC now owns 165,625 shares of the company’s stock worth $8,248,000 after buying an additional 160,752 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

GMS Stock Down 1.4 %

NYSE:GMS opened at $95.25 on Friday. The firm’s 50 day simple moving average is $92.35 and its 200 day simple moving average is $78.38. 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 Inc. has a one year low of $54.59 and a one year high of $101.04. The company has a market cap of $3.79 billion, a PE ratio of 13.34 and a beta of 1.73.

GMS (NYSE:GMS) last posted 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 return on equity of 25.65% and a net margin of 5.48%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts anticipate that GMS Inc. will post 8.36 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction that occurred 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 sale, the senior vice president now directly 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 can be accessed through this link. In other GMS news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction that occurred 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 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 document filed with the SEC, which can be accessed through the SEC website. Also, COO George T. Hendren sold 10,554 shares of the firm’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 transaction, the chief operating officer now owns 23,261 shares of the company’s stock, valued at approximately $2,244,453.89. The disclosure for this sale can be found here. Insiders have sold a total of 36,820 shares of company stock worth $3,561,192 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GMS shares. 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 research note on Friday, March 1st. StockNews.com downgraded shares of GMS from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Robert W. Baird raised their price target on shares of GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Truist Financial raised their price target on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, Barclays raised their price target on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.63.

About GMS

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.