BNP Paribas Financial Markets Sells 10,346 Shares of GMS Inc. (NYSE:GMS)

BNP Paribas Financial Markets trimmed its position in GMS Inc. (NYSE:GMS) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,855 shares of the company’s stock after selling 10,346 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of GMS worth $2,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in GMS by 131.1% during the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after buying an additional 211 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of GMS during the fourth quarter worth about $32,000. Hexagon Capital Partners LLC increased its holdings in shares of GMS by 233.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock valued at $35,000 after acquiring an additional 301 shares in the last quarter. CI Investments Inc. purchased a new position in shares of GMS in the 3rd quarter valued at approximately $155,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of GMS in the 4th quarter valued at approximately $233,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GMS has been the topic of a number of recent analyst reports. Robert W. Baird upped 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. StockNews.com cut GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 16th. Stephens increased their price objective on GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Truist Financial lifted their target price on GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada upped their target price on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

GMS Trading Up 1.3 %

Shares of NYSE:GMS opened at $95.26 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. GMS Inc. has a 12-month low of $56.58 and a 12-month high of $101.04. The business has a 50 day moving average of $94.97 and a two-hundred day moving average of $85.03. The company has a market capitalization of $3.79 billion, a PE ratio of 13.34 and a beta of 1.71.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). GMS had a return on equity of 25.65% and a net margin of 5.48%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $1.85 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts forecast that GMS Inc. will post 8.36 EPS for the current year.

Insider Transactions at GMS

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the transaction, the senior vice president now owns 10,360 shares of the company’s stock, valued at approximately $1,000,465.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other GMS news, COO George T. Hendren sold 10,554 shares of GMS stock in a transaction dated Friday, March 22nd. The shares were 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 directly owns 23,261 shares of the company’s stock, valued at $2,244,453.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Craig D. Apolinsky sold 20,000 shares of the business’s stock in a transaction dated 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 $1,000,465.20. The disclosure for this sale can be found here. Insiders have sold a total of 36,820 shares of company stock valued at $3,561,192 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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.