GMS Inc. (NYSE:GMS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of GMS Inc. (NYSE:GMS) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,507 shares of the company’s stock after selling 820 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of GMS worth $1,573,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GMS. Smartleaf Asset Management LLC increased its stake in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after acquiring an additional 705 shares during the period. Yousif Capital Management LLC increased its stake in shares of GMS by 1.0% during the first quarter. Yousif Capital Management LLC now owns 15,143 shares of the company’s stock valued at $1,108,000 after acquiring an additional 147 shares during the period. AlphaQuest LLC increased its stake in shares of GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares during the period. Deutsche Bank AG increased its stake in shares of GMS by 26.7% during the fourth quarter. Deutsche Bank AG now owns 49,222 shares of the company’s stock valued at $4,176,000 after acquiring an additional 10,377 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of GMS during the first quarter valued at approximately $442,000. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Trading Down 0.8%

NYSE GMS opened at $99.62 on Wednesday. GMS Inc. has a twelve month low of $65.77 and a twelve month high of $105.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.17 and a current ratio of 1.91. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 34.47 and a beta of 1.62. The firm’s 50 day moving average price is $76.55 and its two-hundred day moving average price is $79.05.

GMS (NYSE:GMS) last posted its quarterly earnings data on Wednesday, June 18th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.18. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. GMS had a net margin of 2.09% and a return on equity of 16.97%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS. Equities analysts anticipate that GMS Inc. will post 7.26 EPS for the current year.

Insider Buying and Selling at GMS

In other GMS news, CEO John C. Turner, Jr. acquired 3,650 shares of GMS stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer now owns 66,928 shares in the company, valued at approximately $4,684,960. This trade represents a 5.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total transaction of $916,340.04. Following the completion of the sale, the director now directly owns 31,507 shares of the company’s stock, valued at approximately $2,314,504.22. The trade was a 28.36% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. DA Davidson upgraded shares of GMS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 20th. Stephens lifted their price target on shares of GMS from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, June 20th. Royal Bank Of Canada lifted their price target on shares of GMS from $65.00 to $95.20 and gave the stock a “sector perform” rating in a research report on Tuesday, June 17th. UBS Group set a $80.00 price target on shares of GMS in a research report on Friday, March 7th. Finally, Raymond James Financial lifted their price target on shares of GMS from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $90.58.

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.