GMS Inc. (NYSE:GMS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in GMS Inc. (NYSE:GMS – Get Rating) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,764 shares of the company’s stock after selling 600 shares during the period. New York State Teachers Retirement System’s holdings in GMS were worth $871,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of GMS by 35.4% during the third quarter. Assenagon Asset Management S.A. now owns 79,918 shares of the company’s stock worth $3,198,000 after purchasing an additional 20,875 shares during the period. Strs Ohio lifted its holdings in GMS by 38.2% in the third quarter. Strs Ohio now owns 18,800 shares of the company’s stock valued at $752,000 after acquiring an additional 5,200 shares during the period. Raymond James & Associates lifted its holdings in GMS by 110.3% in the third quarter. Raymond James & Associates now owns 65,801 shares of the company’s stock valued at $2,633,000 after acquiring an additional 34,509 shares during the period. AE Wealth Management LLC acquired a new stake in GMS in the third quarter valued at $501,000. Finally, Louisiana State Employees Retirement System acquired a new stake in GMS in the third quarter valued at $816,000. 96.34% of the stock is currently owned by hedge funds and other institutional investors.

GMS Trading Down 2.9 %

GMS stock opened at $52.03 on Friday. The stock has a market cap of $2.17 billion, a PE ratio of 6.82 and a beta of 1.80. The stock has a 50-day moving average price of $51.09 and a 200 day moving average price of $48.31. GMS Inc. has a 52 week low of $36.10 and a 52 week high of $58.72. The company has a current ratio of 2.35, a quick ratio of 1.50 and a debt-to-equity ratio of 0.99.

GMS (NYSE:GMS – Get Rating) last posted its quarterly earnings data on Thursday, December 8th. The company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.46. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.36 billion. GMS had a return on equity of 35.76% and a net margin of 6.32%. Equities research analysts predict that GMS Inc. will post 9 earnings per share for the current fiscal year.

Insider Buying and Selling at GMS

In other GMS news, CAO William Forrest Bell sold 2,376 shares of GMS stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $55.52, for a total value of $131,915.52. Following the completion of the sale, the chief accounting officer now owns 996 shares in the company, valued at approximately $55,297.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO George T. Hendren sold 4,463 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $51.21, for a total transaction of $228,550.23. Following the completion of the sale, the chief operating officer now owns 23,437 shares in the company, valued at approximately $1,200,208.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William Forrest Bell sold 2,376 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $55.52, for a total value of $131,915.52. Following the sale, the chief accounting officer now owns 996 shares of the company’s stock, valued at approximately $55,297.92. The disclosure for this sale can be found here. Insiders sold 13,089 shares of company stock worth $686,403 in the last 90 days. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on GMS shares. Stephens raised their target price on GMS from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, December 12th. Loop Capital downgraded GMS from a “buy” rating to a “hold” rating and lifted their price target for the stock from $52.00 to $60.00 in a research note on Friday, December 9th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on GMS from $51.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, December 9th. StockNews.com raised GMS from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 28th. Finally, Robert W. Baird lifted their price target on GMS from $56.00 to $67.00 in a research note on Friday, December 9th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.00.

GMS Profile

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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.