Kennedy Capital Management LLC Has $1.82 Million Position in GMS Inc. (NYSE:GMS)

Kennedy Capital Management LLC decreased its holdings in GMS Inc. (NYSE:GMS - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,392 shares of the company's stock after selling 3,692 shares during the quarter. Kennedy Capital Management LLC owned 0.06% of GMS worth $1,815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GMS. AlphaQuest LLC increased its position in shares of GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company's stock worth $29,000 after purchasing an additional 325 shares during the period. 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after buying an additional 705 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of GMS in the 4th quarter valued at approximately $193,000. Finally, Stifel Financial Corp bought a new stake in shares of GMS during the 3rd quarter worth approximately $222,000. Institutional investors own 95.28% of the company's stock.

Analyst Ratings Changes

GMS has been the topic of a number of recent analyst reports. DA Davidson decreased their price objective on shares of GMS from $94.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada lowered their price target on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. Robert W. Baird reduced their price objective on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Barclays lowered their target price on GMS from $80.00 to $71.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Finally, UBS Group set a $80.00 price target on shares of GMS in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $80.50.

GMS Trading Up 0.9 %

NYSE GMS traded up $0.61 during trading hours on Friday, reaching $70.72. The company's stock had a trading volume of 290,170 shares, compared to its average volume of 417,028. The firm has a fifty day simple moving average of $75.01 and a 200-day simple moving average of $85.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS Inc. has a 52 week low of $65.77 and a 52 week high of $105.54. The stock has a market cap of $2.71 billion, a P/E ratio of 13.00 and a beta of 1.62.

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

Insider Buying and Selling at GMS

In other news, CEO John C. Turner, Jr. purchased 3,650 shares of the stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $70.00 per share, for a total transaction of $255,500.00. Following the acquisition, the chief executive officer now owns 66,928 shares in the company, valued at $4,684,960. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theron I. Gilliam sold 12,474 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were 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 directly owns 31,507 shares in the company, valued at approximately $2,314,504.22. This represents a 28.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

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.