Invesco Ltd. Decreases Stock Holdings in GMS Inc. (NYSE:GMS)

Invesco Ltd. decreased its position in shares of GMS Inc. (NYSE:GMS - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,658 shares of the company's stock after selling 44,485 shares during the period. Invesco Ltd. owned approximately 0.59% of GMS worth $19,482,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after buying an additional 325 shares during the last quarter. Blue Trust Inc. boosted 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 acquiring an additional 285 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of GMS by 246.5% in 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 in the last quarter. New Age Alpha Advisors LLC bought a new stake in GMS in the fourth quarter worth $193,000. Finally, Stifel Financial Corp purchased a new stake in GMS during the third quarter valued at $222,000. Hedge funds and other institutional investors own 95.28% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on GMS shares. UBS Group set a $80.00 price objective on shares of GMS in a research note on Friday, March 7th. Barclays reduced their price objective 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. DA Davidson lowered their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Royal Bank of Canada cut their target price on GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Finally, Robert W. Baird decreased their price target on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, GMS has an average rating of "Hold" and a consensus target price of $80.50.

Insider Buying and Selling 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 owns 31,507 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CEO John C. Turner, Jr. bought 3,650 shares of the company's stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the completion of the acquisition, the chief executive officer now owns 66,928 shares in the company, valued at $4,684,960. This 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 owned by corporate insiders.

GMS Trading Up 2.0 %

Shares of NYSE GMS traded up $1.42 during midday trading on Thursday, hitting $72.78. The company's stock had a trading volume of 23,187 shares, compared to its average volume of 414,408. The business's 50 day moving average is $74.24 and its two-hundred day moving average is $84.92. GMS Inc. has a 12-month low of $65.77 and a 12-month high of $105.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.79 billion, a P/E ratio of 13.36 and a beta of 1.62.

GMS (NYSE:GMS - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. As a group, equities research analysts expect that GMS Inc. will post 7.26 EPS for the current year.

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.