Kennedy Capital Management LLC Sells 3,692 Shares of GMS Inc. (NYSE:GMS)

Kennedy Capital Management LLC cut its holdings in shares of GMS Inc. (NYSE:GMS) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,392 shares of the company’s stock after selling 3,692 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.06% of GMS worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GMS. Stifel Financial Corp purchased a new position in shares of GMS in the third quarter valued at $222,000. Public Employees Retirement System of Ohio boosted its stake in GMS by 16.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 42,901 shares of the company’s stock worth $3,886,000 after purchasing an additional 5,936 shares during the period. Barclays PLC grew its holdings in GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company’s stock valued at $6,392,000 after buying an additional 55,690 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of GMS by 6.9% during the third quarter. Lord Abbett & CO. LLC now owns 90,374 shares of the company’s stock valued at $8,185,000 after buying an additional 5,833 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in shares of GMS by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 45,151 shares of the company’s stock valued at $3,830,000 after buying an additional 1,132 shares during the period. Institutional investors own 95.28% of the company’s stock.

Insider Transactions at GMS

In related news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $73.46, for a total value of $916,340.04. Following the transaction, the director now directly owns 31,507 shares of the company’s stock, valued at $2,314,504.22. The trade was a 28.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Turner, Jr. purchased 3,650 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $70.00 per share, with a total value of $255,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,928 shares in the company, valued at $4,684,960. The trade was a 5.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. Robert W. Baird reduced their price target on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Truist Financial lowered their price objective on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada reduced their target price on GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Finally, Loop Capital lowered their price target on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $80.50.

GMS Stock Up 0.2 %

Shares of NYSE GMS opened at $72.93 on Tuesday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 13.41 and a beta of 1.62. GMS Inc. has a one year low of $65.77 and a one year high of $105.54. The firm’s 50 day simple moving average is $76.08 and its two-hundred day simple moving average is $85.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44.

GMS (NYSE:GMS) last released its earnings results on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, analysts expect that GMS Inc. will post 7.26 EPS for the current fiscal year.

GMS Profile

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.