GHP Investment Advisors Inc. Sells 463 Shares of GMS Inc. (NYSE:GMS)

GHP Investment Advisors Inc. lowered its holdings in shares of GMS Inc. (NYSE:GMS) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,093 shares of the company’s stock after selling 463 shares during the quarter. GHP Investment Advisors Inc. owned 0.11% of GMS worth $3,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its position in GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares during the last quarter. EntryPoint Capital LLC bought a new position in GMS during the first quarter valued at $77,000. GAMMA Investing LLC lifted its position in GMS by 107.6% during the first quarter. GAMMA Investing LLC now owns 793 shares of the company’s stock valued at $77,000 after purchasing an additional 411 shares during the last quarter. LRI Investments LLC bought a new position in GMS during the first quarter valued at $127,000. Finally, TFO Wealth Partners LLC lifted its position in GMS by 174,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,741 shares of the company’s stock valued at $144,000 after purchasing an additional 1,740 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

Insider Activity

In other news, SVP Craig D. Apolinsky sold 7,900 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $90.32, for a total value of $713,528.00. Following the completion of the sale, the senior vice president now owns 10,671 shares in the company, valued at approximately $963,804.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

GMS Trading Up 2.1 %

Shares of GMS opened at $86.23 on Friday. GMS Inc. has a 1-year low of $56.58 and a 1-year high of $101.04. The company has a 50-day moving average of $88.59 and a 200 day moving average of $90.76. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.81 and a beta of 1.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.31 and a quick ratio of 1.45.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). GMS had a net margin of 4.45% and a return on equity of 22.02%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $2.40 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, research analysts expect that GMS Inc. will post 7.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, June 21st. Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. DA Davidson reduced their target price on shares of GMS from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Barclays reduced their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, September 9th. Finally, Stephens reduced their target price on shares of GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, GMS currently has a consensus rating of “Hold” and a consensus price target of $89.63.

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.