Strs Ohio Sells 2,800 Shares of GMS Inc. (NYSE:GMS)

Strs Ohio cut its stake in GMS Inc. (NYSE:GMS) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,400 shares of the company’s stock after selling 2,800 shares during the quarter. Strs Ohio’s holdings in GMS were worth $1,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. increased its stake in shares of GMS by 57.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,250,370 shares of the company’s stock valued at $103,068,000 after acquiring an additional 456,692 shares during the last quarter. Federated Hermes Inc. grew its position in shares of GMS by 4.0% in the 3rd quarter. Federated Hermes Inc. now owns 942,225 shares of the company’s stock valued at $60,274,000 after purchasing an additional 36,527 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of GMS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 545,994 shares of the company’s stock valued at $34,927,000 after purchasing an additional 9,381 shares during the period. Reinhart Partners LLC. grew its position in shares of GMS by 12.1% in the 4th quarter. Reinhart Partners LLC. now owns 478,108 shares of the company’s stock valued at $39,410,000 after purchasing an additional 51,745 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of GMS by 14.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 393,775 shares of the company’s stock valued at $25,190,000 after purchasing an additional 49,796 shares during the period. 95.28% of the stock is owned by institutional investors.

GMS Trading Up 2.2 %

Shares of GMS stock opened at $92.77 on Wednesday. GMS Inc. has a 12-month low of $54.59 and a 12-month high of $101.04. The stock has a market cap of $3.69 billion, a P/E ratio of 12.97 and a beta of 1.73. 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 business’s 50 day moving average is $92.95 and its 200-day moving average is $79.78.

GMS (NYSE:GMS) last announced its quarterly earnings data 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts predict that GMS Inc. will post 8.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GMS shares. Robert W. Baird boosted their price objective on GMS from $92.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. StockNews.com lowered GMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Royal Bank of Canada boosted their price objective on GMS from $84.00 to $92.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Stephens upped their price target on GMS from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Barclays upped their price target on GMS from $75.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.63.

Insider Activity at GMS

In related news, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total value of $611,436.28. Following the sale, the chief executive officer now owns 48,074 shares in the company, valued at approximately $4,691,060.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO John C. Turner, Jr. sold 6,266 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $97.58, for a total value of $611,436.28. Following the sale, the chief executive officer now owns 48,074 shares in the company, valued at approximately $4,691,060.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Craig D. Apolinsky sold 20,000 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.57, for a total value of $1,931,400.00. Following the completion of the sale, the senior vice president now owns 10,360 shares in the company, valued at approximately $1,000,465.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,820 shares of company stock worth $3,561,192. Company insiders own 1.90% of the company’s stock.

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.