GMS Inc. (NYSE:GMS) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in GMS Inc. (NYSE:GMS) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,352 shares of the company’s stock after selling 1,236 shares during the period. Cetera Investment Advisers’ holdings in GMS were worth $831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Summit Investment Advisors Inc. boosted its position in shares of GMS by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company’s stock worth $350,000 after buying an additional 131 shares during the period. Yousif Capital Management LLC boosted its position 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 worth $1,108,000 after buying an additional 147 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of GMS by 0.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company’s stock worth $3,182,000 after buying an additional 148 shares during the period. Vise Technologies Inc. boosted its position in shares of GMS by 2.3% during the fourth quarter. Vise Technologies Inc. now owns 7,090 shares of the company’s stock worth $601,000 after buying an additional 162 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in shares of GMS by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 9,776 shares of the company’s stock worth $715,000 after buying an additional 171 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GMS

In other GMS news, COO George T. Hendren sold 5,000 shares of GMS stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $108.23, for a total transaction of $541,150.00. Following the transaction, the chief operating officer directly owned 23,950 shares in the company, valued at approximately $2,592,108.50. The trade was a 17.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Coliseum Capital Management, L sold 179,133 shares of GMS stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $110.05, for a total transaction of $19,713,586.65. Following the transaction, the insider owned 3,646,018 shares in the company, valued at approximately $401,244,280.90. The trade was a 4.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 343,627 shares of company stock worth $37,808,097 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

GMS Price Performance

Shares of NYSE:GMS opened at $109.60 on Thursday. GMS Inc. has a 12 month low of $65.77 and a 12 month high of $110.28. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 37.92 and a beta of 1.76. The stock’s 50 day moving average price is $101.37 and its 200 day moving average price is $84.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17.

GMS (NYSE:GMS) last announced its earnings results on Wednesday, June 18th. The company reported $1.29 EPS 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 return on equity of 16.97% and a net margin of 2.09%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 earnings per share. Equities research analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Baird R W downgraded GMS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 23rd. Robert W. Baird reiterated a “neutral” rating and set a $95.00 price objective (up from $93.00) on shares of GMS in a research report on Monday, June 23rd. DA Davidson boosted their price objective on GMS from $95.20 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Raymond James Financial downgraded GMS from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 25th. Finally, Barclays boosted their price objective on GMS from $95.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.11.

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.