Massachusetts Financial Services Co. MA Trims Holdings in GMS Inc. (NYSE:GMS)

Massachusetts Financial Services Co. MA decreased its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,749 shares of the company's stock after selling 19,133 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.22% of GMS worth $7,359,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Inspire Investing LLC boosted its position in GMS by 2.9% during the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock worth $400,000 after purchasing an additional 134 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of GMS by 7.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company's stock worth $249,000 after buying an additional 211 shares during the period. Blue Trust Inc. lifted its position in shares of GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after buying an additional 285 shares in the last quarter. Choreo LLC grew its stake in GMS by 12.1% in the 4th quarter. Choreo LLC now owns 2,668 shares of the company's stock valued at $227,000 after acquiring an additional 288 shares during the period. Finally, AlphaQuest LLC grew its stake in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after acquiring an additional 325 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

GMS Price Performance

Shares of GMS stock traded up $0.95 during trading hours on Friday, reaching $72.86. The company had a trading volume of 349,263 shares, compared to its average volume of 415,964. GMS Inc. has a 12-month low of $65.77 and a 12-month 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 company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 13.39 and a beta of 1.62. The stock has a fifty day moving average of $76.30 and a 200-day moving average of $85.94.

GMS (NYSE:GMS - Get Free Report) last issued its earnings results 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). GMS had a net margin of 3.92% and a return on equity of 20.67%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.29 billion. On average, equities analysts anticipate that GMS Inc. will post 7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GMS shares. Royal Bank of Canada decreased their price objective 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. Robert W. Baird decreased their price target on shares of GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. DA Davidson lowered their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Truist Financial reduced their target price on GMS from $97.00 to $80.00 and set a "hold" rating for the company in a report on Friday, March 7th. Finally, Barclays lowered their price target on GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, GMS presently has an average rating of "Hold" and an average price target of $80.50.

Insider Activity at GMS

In other GMS news, Director Theron I. Gilliam sold 12,474 shares of the firm's 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 completion of the sale, the director now owns 31,507 shares of the company's stock, valued at $2,314,504.22. This trade represents a 28.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Turner, Jr. bought 3,650 shares of GMS stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now directly owns 66,928 shares of the company's stock, valued at approximately $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

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.