Sanctuary Advisors LLC Sells 7,021 Shares of GMS Inc. (NYSE:GMS)

Sanctuary Advisors LLC trimmed its holdings in shares of GMS Inc. (NYSE:GMS - Free Report) by 33.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,970 shares of the company's stock after selling 7,021 shares during the quarter. Sanctuary Advisors LLC's holdings in GMS were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GMS. Blue Trust Inc. increased its stake in GMS by 86.4% in the second quarter. Blue Trust Inc. now owns 369 shares of the company's stock valued at $30,000 after acquiring an additional 171 shares during the last quarter. Quarry LP boosted its holdings in shares of GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company's stock worth $32,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC increased its position in shares of GMS by 138.8% during the 3rd quarter. GAMMA Investing LLC now owns 621 shares of the company's stock valued at $56,000 after purchasing an additional 361 shares during the last quarter. KBC Group NV raised its holdings in shares of GMS by 31.9% during the 3rd quarter. KBC Group NV now owns 1,162 shares of the company's stock valued at $105,000 after buying an additional 281 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in GMS in the 2nd quarter worth approximately $121,000. 95.28% of the stock is currently owned by institutional investors.

GMS Trading Up 0.7 %

NYSE GMS traded up $0.57 on Friday, hitting $86.01. The company's stock had a trading volume of 2,674,295 shares, compared to its average volume of 393,542. The firm has a market cap of $3.34 billion, a P/E ratio of 15.81 and a beta of 1.68. GMS Inc. has a 52-week low of $77.01 and a 52-week high of $105.54. The company's 50-day simple moving average is $95.66 and its 200 day simple moving average is $90.81. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.26 by ($0.24). The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. The business's revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. Research analysts predict that GMS Inc. will post 7.41 EPS for the current fiscal year.

Analyst Ratings Changes

GMS has been the topic of a number of recent research reports. Robert W. Baird reduced their price target on shares of GMS from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, December 6th. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a research note on Monday, November 25th. Truist Financial lifted their price objective on GMS from $90.00 to $97.00 and gave the stock a "hold" rating in a report on Monday, December 9th. StockNews.com cut GMS from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $86.00 price target (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, GMS presently has a consensus rating of "Hold" and a consensus target price of $95.43.

Insider Activity

In other news, COO George T. Hendren sold 5,000 shares of the 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 transaction, the chief operating officer now owns 23,772 shares of the company's stock, valued at approximately $2,427,834.36. This represents a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company's stock.

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.