Illinois Municipal Retirement Fund Sells 2,758 Shares of GMS Inc. (NYSE:GMS)

Illinois Municipal Retirement Fund decreased its position in GMS Inc. (NYSE:GMS) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,424 shares of the company’s stock after selling 2,758 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of GMS worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of GMS by 131.1% in the 4th quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. CI Investments Inc. bought a new position in GMS during the third quarter valued at about $155,000. Allspring Global Investments Holdings LLC grew its position in GMS by 9.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,602 shares of the company’s stock valued at $230,000 after buying an additional 316 shares during the period. AlphaMark Advisors LLC bought a new position in GMS during the third quarter valued at about $234,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in GMS during the third quarter valued at about $234,000. Institutional investors own 95.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Stephens increased their price target on shares of GMS from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Barclays increased their price target on shares of GMS from $75.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Truist Financial increased their target price on shares of GMS from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada increased their target price on shares of GMS from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, StockNews.com upgraded shares of GMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GMS presently has an average rating of “Moderate Buy” and an average price target of $89.63.

Insider Activity at GMS

In related news, COO George T. Hendren sold 10,554 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $96.49, for a total value of $1,018,355.46. Following the sale, the chief operating officer now directly owns 23,261 shares of the company’s stock, valued at $2,244,453.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other GMS news, COO George T. Hendren sold 10,554 shares of GMS stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $96.49, for a total transaction of $1,018,355.46. Following the transaction, the chief operating officer now directly owns 23,261 shares of the company’s stock, valued at $2,244,453.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Craig D. Apolinsky sold 20,000 shares of GMS stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $96.57, for a total transaction of $1,931,400.00. Following the transaction, the senior vice president now directly owns 10,360 shares in the company, valued at $1,000,465.20. The disclosure for this sale can be found here. Insiders have sold 36,820 shares of company stock valued at $3,561,192 over the last three months. 1.90% of the stock is owned by corporate insiders.

GMS Trading Up 1.7 %

Shares of GMS stock opened at $92.85 on Friday. GMS Inc. has a 12-month low of $54.59 and a 12-month high of $101.04. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 13.00 and a beta of 1.73. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $93.24 and its 200-day moving average price is $80.16.

GMS (NYSE:GMS) last announced its earnings results on Thursday, February 29th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. GMS had a net margin of 5.48% and a return on equity of 25.65%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 earnings per share. On average, equities analysts expect that GMS Inc. will post 8.36 earnings per share for the current fiscal year.

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.