BNP Paribas Financial Markets Sells 14,118 Shares of GMS Inc. (NYSE:GMS)

BNP Paribas Financial Markets lowered its holdings in shares of GMS Inc. (NYSE:GMS) by 40.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,438 shares of the company’s stock after selling 14,118 shares during the period. BNP Paribas Financial Markets’ holdings in GMS were worth $1,851,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in GMS. Advantage Alpha Capital Partners LP grew its stake in shares of GMS by 21.6% during the third quarter. Advantage Alpha Capital Partners LP now owns 35,845 shares of the company’s stock valued at $3,246,000 after buying an additional 6,378 shares during the last quarter. FMR LLC grew its position in GMS by 25.3% during the 3rd quarter. FMR LLC now owns 4,232,170 shares of the company’s stock worth $383,308,000 after acquiring an additional 854,987 shares during the last quarter. Citigroup Inc. increased its stake in GMS by 61.8% in the 3rd quarter. Citigroup Inc. now owns 49,733 shares of the company’s stock worth $4,504,000 after purchasing an additional 18,998 shares during the period. Charles Schwab Investment Management Inc. lifted its position in GMS by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company’s stock valued at $53,803,000 after purchasing an additional 2,674 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of GMS by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 105,882 shares of the company’s stock valued at $9,590,000 after purchasing an additional 1,534 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Insider Transactions at GMS

In related news, COO George T. Hendren sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $102.13, for a total transaction of $510,650.00. Following the sale, the chief operating officer now owns 23,772 shares of the company’s stock, valued at $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GMS shares. Barclays lifted their target price on shares of GMS from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com downgraded shares of GMS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Robert W. Baird cut their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of GMS in a research report on Friday. Finally, Loop Capital lifted their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.25.

GMS Stock Performance

GMS stock opened at $97.05 on Friday. GMS Inc. has a fifty-two week low of $68.13 and a fifty-two week high of $105.54. The stock’s 50 day simple moving average is $95.68 and its two-hundred day simple moving average is $90.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 2.31. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 17.84 and a beta of 1.68.

GMS (NYSE:GMS) last issued its quarterly earnings results on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. As a group, analysts expect that GMS Inc. will post 7.95 earnings per share for the current fiscal year.

GMS Company 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.