PNC Financial Services Group Inc. Sells 3,817 Shares of GMS Inc. (NYSE:GMS)

PNC Financial Services Group Inc. trimmed its stake in GMS Inc. (NYSE:GMSFree Report) by 54.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,157 shares of the company’s stock after selling 3,817 shares during the period. PNC Financial Services Group Inc.’s holdings in GMS were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GMS. SummerHaven Investment Management LLC grew its stake in GMS by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 10,231 shares of the company’s stock worth $843,000 after buying an additional 136 shares in the last quarter. Blue Trust Inc. grew its position in GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Hexagon Capital Partners LLC grew its position in GMS by 233.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after acquiring an additional 301 shares in the last quarter. GAMMA Investing LLC bought a new position in GMS in the fourth quarter valued at $32,000. Finally, Jennison Associates LLC raised its position in GMS by 2.4% during the fourth quarter. Jennison Associates LLC now owns 17,215 shares of the company’s stock valued at $1,419,000 after purchasing an additional 403 shares in the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was 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 $1,000,465.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the sale, the senior vice president now owns 10,360 shares in the company, valued at $1,000,465.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John C. Turner, Jr. sold 6,266 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was 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 $4,691,060.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,820 shares of company stock worth $3,561,192. 1.90% of the stock is currently owned by company insiders.

GMS Stock Down 0.7 %

NYSE GMS opened at $91.09 on Friday. GMS Inc. has a 1 year low of $56.58 and a 1 year high of $101.04. The stock has a market capitalization of $3.63 billion, a PE ratio of 12.76 and a beta of 1.72. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.47. The business’s 50-day moving average is $94.36 and its 200 day moving average is $87.06.

Wall Street Analyst Weigh In

GMS has been the topic of several recent research reports. Robert W. Baird increased their price objective on GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Barclays lifted their price target on shares of GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 5th. StockNews.com raised shares of GMS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 29th. Truist Financial increased their target price on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada boosted their price target 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. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, GMS has an average rating of “Moderate Buy” and an average price target of $89.63.

Read Our Latest Analysis on GMS

GMS Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GMS (NYSE:GMS)

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