KBC Group NV Has $4.53 Million Position in GMS Inc. (NYSE:GMS)

KBC Group NV boosted its holdings in GMS Inc. (NYSE:GMS - Free Report) by 4,496.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,416 shares of the company's stock after acquiring an additional 52,254 shares during the quarter. KBC Group NV owned 0.14% of GMS worth $4,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GMS. Quarry LP increased its stake in GMS by 37.1% in the second quarter. Quarry LP now owns 403 shares of the company's stock valued at $32,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC grew its stake in GMS by 138.8% during the third quarter. GAMMA Investing LLC now owns 621 shares of the company's stock worth $56,000 after buying an additional 361 shares during the last quarter. Blue Trust Inc. grew its stake in GMS by 71.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the company's stock worth $62,000 after buying an additional 285 shares during the last quarter. Squarepoint Ops LLC bought a new stake in GMS during the second quarter worth about $201,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in GMS during the third quarter worth about $219,000. Institutional investors own 95.28% of the company's stock.

GMS Trading Down 2.0 %

NYSE GMS traded down $1.76 during trading hours on Friday, hitting $84.37. The company's stock had a trading volume of 402,269 shares, compared to its average volume of 335,319. The stock has a fifty day moving average of $88.69 and a 200 day moving average of $90.64. GMS Inc. has a twelve month low of $77.29 and a twelve month high of $105.54. The firm has a market capitalization of $3.27 billion, a P/E ratio of 15.51 and a beta of 1.73. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.24). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.30 earnings per share. Equities research analysts forecast that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GMS news, COO George T. Hendren sold 5,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $102.13, for a total value of $510,650.00. Following the sale, the chief operating officer now directly owns 23,772 shares in the company, valued at approximately $2,427,834.36. This trade represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $86.00 price objective (up from $78.00) on shares of GMS in a research note on Friday, December 6th. Truist Financial upped their price objective on shares of GMS from $90.00 to $97.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Barclays reduced their target price on shares of GMS from $93.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. DA Davidson reduced their target price on shares of GMS from $97.00 to $94.00 and set a "neutral" rating on the stock in a research report on Friday, December 6th. Finally, Loop Capital upped their target price on shares of GMS from $85.00 to $93.00 and gave the stock a "hold" rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $93.57.

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.