Kennedy Capital Management LLC Reduces Stock Holdings in GMS Inc. (NYSE:GMS)

Kennedy Capital Management LLC lowered its stake in GMS Inc. (NYSE:GMS) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,392 shares of the company’s stock after selling 3,692 shares during the quarter. Kennedy Capital Management LLC’s holdings in GMS were worth $1,815,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GMS. AlphaQuest LLC boosted its stake in shares of GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares in the last quarter. Blue Trust Inc. lifted its holdings in GMS by 71.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after buying an additional 285 shares during the period. Smartleaf Asset Management LLC boosted its position in GMS by 246.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after acquiring an additional 705 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of GMS during the 4th quarter worth approximately $193,000. Finally, Stifel Financial Corp purchased a new position in shares of GMS during the 3rd quarter worth approximately $222,000. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Stock Up 0.2 %

Shares of GMS stock opened at $72.93 on Tuesday. The company has a 50-day simple moving average of $76.08 and a two-hundred day simple moving average of $85.79. GMS Inc. has a 52-week low of $65.77 and a 52-week high of $105.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The stock has a market capitalization of $2.80 billion, a PE ratio of 13.41 and a beta of 1.62.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47). The business had revenue of $1.26 billion during 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%. On average, analysts anticipate that GMS Inc. will post 7.26 EPS for the current fiscal year.

Insider Activity at GMS

In other news, Director Theron I. Gilliam sold 12,474 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $73.46, for a total transaction 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. This represents a 28.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Turner, Jr. acquired 3,650 shares of GMS 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 transaction, the chief executive officer now owns 66,928 shares of the company’s stock, valued at $4,684,960. The trade was a 5.77 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GMS has been the topic of several research reports. DA Davidson dropped their price target on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada dropped their target price on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Loop Capital reduced their target price on shares of GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. UBS Group set a $80.00 price target on shares of GMS in a research report on Friday, March 7th. Finally, Barclays cut their price objective on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $80.50.

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.