18,231 Shares in GMS Inc. (NYSE:GMS) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of GMS Inc. (NYSE:GMS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,231 shares of the company's stock, valued at approximately $1,547,000.

Several other institutional investors have also recently made changes to their positions in the stock. Inspire Investing LLC boosted its position in shares of GMS by 2.9% in the fourth quarter. Inspire Investing LLC now owns 4,716 shares of the company's stock valued at $400,000 after acquiring an additional 134 shares during the period. Blue Trust Inc. boosted its holdings in GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company's stock valued at $62,000 after purchasing an additional 285 shares during the period. Choreo LLC grew its position in shares of GMS by 12.1% during the 4th quarter. Choreo LLC now owns 2,668 shares of the company's stock valued at $227,000 after purchasing an additional 288 shares in the last quarter. Meritage Portfolio Management grew its position in shares of GMS by 7.2% during the 4th quarter. Meritage Portfolio Management now owns 5,091 shares of the company's stock valued at $432,000 after purchasing an additional 344 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of GMS by 1.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 21,152 shares of the company's stock worth $1,794,000 after purchasing an additional 347 shares during the period. Hedge funds and other institutional investors own 95.28% of the company's stock.

GMS Trading Up 1.3 %

Shares of GMS stock traded up $0.94 during mid-day trading on Friday, reaching $72.02. The stock had a trading volume of 623,284 shares, compared to its average volume of 410,742. 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 stock's 50-day moving average price is $78.25 and its two-hundred day moving average price is $86.89. The firm has a market capitalization of $2.76 billion, a PE ratio of 13.24 and a beta of 1.62. GMS Inc. has a 52-week low of $65.88 and a 52-week high of $105.54.

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GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (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 analysts' expectations of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Equities analysts expect that GMS Inc. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on GMS. Robert W. Baird reduced their target price on GMS from $110.00 to $93.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. DA Davidson cut their price objective on GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Barclays lowered their target price on shares of GMS from $80.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. UBS Group set a $80.00 price target on shares of GMS in a report on Friday, March 7th. Finally, Royal Bank of Canada lowered their price objective on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, GMS has an average rating of "Hold" and a consensus price target of $80.50.

Insider Activity at GMS

In related news, Director Theron I. Gilliam sold 12,474 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were 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 in the company, valued at $2,314,504.22. The trade was a 28.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate 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.