GMS Inc. (NYSE:GMS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 40.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,438 shares of the company's stock after selling 14,118 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of GMS worth $1,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GMS. Advantage Alpha Capital Partners LP increased its holdings in GMS by 21.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 35,845 shares of the company's stock valued at $3,246,000 after acquiring an additional 6,378 shares during the last quarter. FMR LLC grew its position in shares of GMS by 25.3% during the third quarter. FMR LLC now owns 4,232,170 shares of the company's stock valued at $383,308,000 after purchasing an additional 854,987 shares in the last quarter. Citigroup Inc. increased its holdings in shares of GMS by 61.8% in the third 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of GMS by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 594,051 shares of the company's stock worth $53,803,000 after buying an additional 2,674 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in 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 buying an additional 1,534 shares during the last quarter. 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 that occurred on Monday, November 11th. The stock was sold at an average price of $102.13, for a total value of $510,650.00. Following the completion of the sale, the chief operating officer now owns 23,772 shares in the company, valued at approximately $2,427,834.36. The trade was a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

GMS Trading Down 0.7 %

NYSE:GMS traded down $0.71 during mid-day trading on Friday, hitting $97.05. 422,927 shares of the stock traded hands, compared to its average volume of 392,173. 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 52 week low of $68.13 and a 52 week high of $105.54. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.84 and a beta of 1.68. The firm's 50 day moving average is $95.68 and its two-hundred day moving average is $90.99.

GMS (NYSE:GMS - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.24). GMS had a net margin of 4.45% and a return on equity of 22.02%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the firm earned $2.30 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that GMS Inc. will post 7.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GMS has been the topic of a number of research reports. Barclays lifted their price objective on GMS from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Friday. Loop Capital upped their price target on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research note on Monday, November 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $86.00 price objective (up from $78.00) on shares of GMS in a research note on Friday. Robert W. Baird reduced their target price on shares of GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday. Finally, StockNews.com downgraded shares of GMS from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $93.25.

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.