GMS Inc. (NYSE:GMS) Short Interest Update

GMS Inc. (NYSE:GMS - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,000,000 shares, an increase of 20.5% from the February 28th total of 1,660,000 shares. Approximately 5.3% of the company's shares are short sold. Based on an average daily volume of 475,900 shares, the days-to-cover ratio is presently 4.2 days.

Insider Buying and Selling at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of GMS stock in a transaction that occurred 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 sale, the director now directly owns 31,507 shares of the company's stock, valued at approximately $2,314,504.22. The trade was a 28.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On GMS

Institutional investors have recently modified their holdings of the business. Barclays PLC lifted its stake in GMS by 374.0% during the 3rd quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after acquiring an additional 55,690 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after purchasing an additional 705 shares during the last quarter. Vestcor Inc lifted its position in GMS by 71.5% during the third quarter. Vestcor Inc now owns 14,330 shares of the company's stock valued at $1,298,000 after purchasing an additional 5,972 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in GMS by 61.1% in the third quarter. Rockefeller Capital Management L.P. now owns 37,359 shares of the company's stock worth $3,384,000 after purchasing an additional 14,174 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in GMS by 42.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 110,304 shares of the company's stock worth $9,357,000 after purchasing an additional 33,123 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Stock Down 4.0 %

Shares of NYSE GMS traded down $2.89 during midday trading on Monday, hitting $69.28. The stock had a trading volume of 781,757 shares, compared to its average volume of 412,453. The business's 50 day moving average is $77.93 and its 200-day moving average is $86.68. GMS has a 52 week low of $65.88 and a 52 week high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The company has a market cap of $2.66 billion, a P/E ratio of 12.74 and a beta of 1.62.

GMS (NYSE:GMS - Get Free Report) 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%. As a group, analysts predict that GMS will post 7.26 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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. UBS Group set a $80.00 target price on shares of GMS in a report on Friday, March 7th. Royal Bank of Canada decreased their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Loop Capital dropped their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $80.50.

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.