Public Employees Retirement Association of Colorado Sells 162 Shares of GMS Inc. (NYSE:GMS)

Public Employees Retirement Association of Colorado reduced its position in shares of GMS Inc. (NYSE:GMS) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,698 shares of the company’s stock after selling 162 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in GMS were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GMS. Intech Investment Management LLC bought a new stake in shares of GMS in the 2nd quarter valued at about $535,000. Inspire Investing LLC increased its position in GMS by 20.3% during the second quarter. Inspire Investing LLC now owns 4,406 shares of the company’s stock worth $355,000 after buying an additional 742 shares during the last quarter. MQS Management LLC raised its stake in GMS by 30.2% in the second quarter. MQS Management LLC now owns 5,870 shares of the company’s stock valued at $473,000 after buying an additional 1,363 shares during the period. Kendall Capital Management lifted its position in shares of GMS by 36.0% in the second quarter. Kendall Capital Management now owns 6,330 shares of the company’s stock valued at $510,000 after buying an additional 1,675 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of GMS during the 2nd quarter worth approximately $409,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

Insider Activity at GMS

In other GMS news, SVP Craig D. Apolinsky sold 7,900 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total transaction of $713,528.00. Following the sale, the senior vice president now directly owns 10,671 shares in the company, valued at $963,804.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

GMS Stock Performance

Shares of NYSE:GMS opened at $90.81 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. GMS Inc. has a 12-month low of $56.58 and a 12-month high of $101.04. The company’s 50 day moving average price is $89.47 and its two-hundred day moving average price is $90.73. The firm has a market cap of $3.60 billion, a PE ratio of 13.49 and a beta of 1.67.

GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $2.40 EPS. Equities research analysts predict that GMS Inc. will post 7.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GMS shares. Loop Capital dropped their price target on GMS from $100.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. DA Davidson cut their target price on shares of GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Royal Bank of Canada lowered their price target on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a report on Friday, June 21st. Finally, Barclays decreased their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, September 9th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, GMS has a consensus rating of “Hold” and a consensus target price of $89.63.

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.