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

PNC Financial Services Group Inc. lessened its stake in shares of GMS Inc. (NYSE:GMSFree Report) by 54.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,157 shares of the company’s stock after selling 3,817 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GMS were worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GMS. Dynamic Technology Lab Private Ltd bought a new position in shares of GMS during the fourth quarter valued at approximately $295,000. Janney Montgomery Scott LLC grew its position in GMS by 248.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,756 shares of the company’s stock valued at $2,041,000 after acquiring an additional 17,658 shares during the last quarter. Vise Technologies Inc. grew its position in GMS by 30.3% in the 4th quarter. Vise Technologies Inc. now owns 7,812 shares of the company’s stock valued at $644,000 after acquiring an additional 1,815 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in GMS by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,482,066 shares of the company’s stock worth $204,600,000 after purchasing an additional 14,005 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of GMS by 9.2% during the fourth quarter. QRG Capital Management Inc. now owns 7,910 shares of the company’s stock worth $652,000 after purchasing an additional 666 shares during the last quarter. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Stock Down 0.7 %

GMS stock opened at $91.09 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.63 billion, a P/E ratio of 12.76 and a beta of 1.72. The business has a fifty day moving average of $94.36 and a two-hundred day moving average of $87.06. GMS Inc. has a twelve month low of $56.58 and a twelve month high of $101.04.

Insider Transactions at GMS

In related news, SVP Craig D. Apolinsky sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 10,360 shares of the company’s stock, valued at $1,000,465.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO George T. Hendren sold 10,554 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 23,261 shares of the company’s stock, valued at $2,244,453.89. The disclosure for this sale can be found here. In the last three months, insiders sold 36,820 shares of company stock valued at $3,561,192. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GMS shares. Robert W. Baird upped their price target on shares of GMS from $92.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada raised their target price on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Truist Financial lifted their price target on shares of GMS from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, March 1st. StockNews.com raised GMS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 29th. Finally, Barclays lifted their target price on GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, GMS currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

Check Out Our Latest Analysis on GMS

GMS 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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